Moody’s upgrades forecast for Azerbaijan’s banking sector

Moody’s upgrades forecast for Azerbaijan’s banking sector
# 25 July 2019 12:47 (UTC +04:00)

Moody’s international rating agency upgraded the forecast of banking sector of Azerbaijan from “Stable” to “positive”, APA-Economics reports.

Continuously economic development and unprecedented support to family business are the main factors that impact the forecast.

“The forecast reflects our expectations how credit capabilities of banks will change in 12-18 months period”, stated in the Agency’s information.

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THE OPERATION IS BEING PERFORMED