Fitch Ratings has affirmed Azerbaijan`s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at `BB+`.
The issue rating on Azerbaijan`s senior unsecured Foreign-Currency bond has also been affirmed at `BB+`. The Country Ceiling has been affirmed at `BB+`. The Short-Term Foreign- and Local-Currency IDRs have been affirmed at `B` and the issue rating on Azerbaijan`s senior unsecured Short-Term Local-Currency bond has been affirmed at `B`.
Azerbaijan to keep social, political stability - Fitch Ratings
27 August 2016
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Fitch Ratings assumes that Azerbaijan will continue to experience broad social and political stability and there will be no prolonged escalation with Armenia regarding the Nagorno-Karabakh conflict to a level that would affect economic and financial stability, according to the agency’s report posted on its website Aug. 27.
