Fitch Ratings affirms AMF’s rating at BB+ with negative outlooks

 Fitch Ratings affirms AMF’s rating at BB+ with negative outlooks
# 02 March 2017 07:31 (UTC +04:00)

Fitch Ratings has affirmed OJSC Azerbaijan Mortgage Fund's (AMF) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BB+' with Negative Outlooks.

AMF's ratings are equalised with Azerbaijan's sovereign ratings (BB+/Negative), reflecting the entity's strong legal linkage with the republic, strategically important role to the state's housing finance policy and the state's tight state control over AMF's activities.

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THE OPERATION IS BEING PERFORMED