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Moody’s positively evaluated reforms in the financial sector of Azerbaijan

11 October 2019 16:47 (UTC +04:00)

“Moody’s” rating agency confirmed Azerbaijan’s situation as a stable Ba2 level in its latest report. According to “APA-Economics” citing the agency, it’s indicated in the report that reforms in the financial sector are intended to decrease the risks of people’s dept and to the recovery of credits.

"Providing internal political stability through net foreign creditor status on large volumes of foreign assets and efficient transfer of oil and gas revenues to other sectors have been mentioned by “Moody's” rating agency as strong credit reliability rating characteristic of the country", reads the report.