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Fitch affirms Azerbaijan's rating
Finance
- 25 February, 2017
- 07:27
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Baku. 25 February. REPORT.AZ/ Fitch Ratings has affirmed Azerbaijan's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BB+' with Negative Outlooks.
Report informs citing the agency's press release.
Azerbaijan's 'BB+' ratings balance low government debt, stemming from high oil revenues, with a heavy dependence on hydrocarbons, a weak banking sector.
According to the press release, the negative outlook reflects continued risks and uncertainty around the macroeconomic and financial sector adjustment currently under way.
Author
"Fitch" Azərbaycanın reytinqini sabit saxlayıb - YENİLƏNİB
Fitch сохранил рейтинг Азербайджана стабильным
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