Baku. Agshin Rafigoglu - APA-Economics. Fitch Ratings has affirmed Azerbaijan-based utilities company JSC Azerenerji's Long-term Issuer Default Rating (IDR) at 'BB+' and Short-term IDR at 'B'. The Outlook is Negative.
The affirmation of Azerenerji's ratings reflect continued strong links with the Republic of Azerbaijan (BB+/Negative), reflecting the company's strong legal, strategic and operational ties with the state.