Moody's affirms credit rating of Government of Azerbaijan

Baku. 8 May. REPORT.AZ/ Moody’s international rating agency affirmed credit rating of the Government of Azerbaijan at previous level.

Report informs referring to Moody’s, the agency maintained Azerbaijan’s independent credit rating at Ba1 and the outlook at negative in its latest regular update.

Notably, Moody’s downgraded country’s rating from Baa3 to Ba1, outlook as stable on February 5, 2016.

The agency downgraded the outlook to negative on April 29, 2016. 

Notably, in February 12, 2017 the agency reviewed Azerbaijan's credit outlook and affirmed it as stable.