Moody's upgrades Azerbaijan’s fiscal strength rating
  • ECONOMY

  • 12:56 27 July 2020

Moody's upgrades Azerbaijan’s fiscal strength rating

Moody's Investors Service ("Moody's") upgraded Azerbaijan’s fiscal strength rating from "a3" to "a2", ONA reports citing the Agency

The rating is underpinned by the country's strong net creditor position, as the size of sovereign wealth assets covers all of the government's direct debt and guarantees.

Recall that Moody's affirmed the country’s credit issuer rating at "Ba2".

ONA

Tags:

RELATED NEWS