Moody's upgrades Azerbaijan’s fiscal strength rating

Moody's upgrades Azerbaijan’s fiscal strength rating
  • Clock-gray 10:59
  • calendar-gray 27 July 2020

Moody's Investors Service ("Moody's") upgraded Azerbaijan’s fiscal strength rating from "a3" to "a2", APA 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".

Mirsaid İbrahimzade

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