Moody's upgrades IBA's deposit ratings

Moody
# 26 January 2018 14:23 (UTC +04:00)

Moody's Investors Service today upgraded the long-term foreign- and local-currency deposit ratings of International Bank of Azerbaijan (IBA) to B3 from Caa1, the agency reported.

 

IBA's baseline credit assessment (BCA) was upgraded to caa2 from caa3 and the long-term counterparty risk assessment (CRA) to B2(cr) from B3(cr).

 

The long-term deposit ratings continue to carry a positive outlook.

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