S&P upgrades Azerbaijani bank's rating

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# 16:27
1 May 2017

Standard & Poor's (S&P) Global Ratings raised its long- and short-term foreign- and local-currency credit ratings to 'B-/B' from 'B-/C' on Muganbank OJSC.

 

The outlook remains negative.

 

Muganbank has been in operation since November 1992. 

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THE OPERATION IS BEING PERFORMED