“Fitch Ratings” confirms Azerbaijani MCGF’s rating at “BB+/Stable” level

“Fitch Ratings” confirms Azerbaijani MCGF’s rating at “BB+/Stable” level
  • Clock-gray 19:22
  • calendar-gray 26 February 2020

The regular assessment of activity of the Mortgage and Credit Guarantee Fund (MCGF, hereinafter Fund) of the Azerbaijan Republic has been conducted by “Fitch Ratings” Agency (hereinafter Agency), "APA-Economics" reports citing the Fund.

Based on the Agency’s assessment, the long-term default rating of the Fund in foreign and local currency has been confirmed at “BB+” level (forecast is “stable”). 

The confirmation of the rating at “BB+” level (with “stable” forecast) reflects “Fitch”’s unchanged opinion regarding strong relations between the Azerbaijani Government and the Fund. 

Narmin Rahimova

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