Sharifov noted that this is a supposition and everything will be clear after future processes: “Despite oil price decline, the "Standard&Poor`s", "Fitch" and "Moody`s" kept Azerbaijan’s international credit rating at “B-“. As you know these agencies prepare their ratings independently. While preparation of rating, oil price decline and country’s steps are taken into account. Though the energy carriers went down, our government have taken necessary measures. This factor caused us to maintain our credit rating. However, it’s a contestable fact that the oil price is declining and it influences our revenues. Along with this, there is a geopolitical tension, a factor to have negative impact on our rating”.
Azerbaijan
17 September 2015
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"Oil price decline and geopolitical tension may lead to downgrade Azerbaijan
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