The Negative Outlook reflects continued risks and uncertainty around the macroeconomic and financial sector adjustment currently under way.
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Fitch affirms Azerbaijan`s ratings at `BB+`
25 February 2017
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Fitch Ratings has affirmed Azerbaijan`s long-term foreign- and local-currency issuer default ratings (IDR) at `BB+` with Negative Outlooks.
Azerbaijan`s `BB+` ratings balance a strong external balance sheet and low government debt, stemming from accumulated surpluses in times of high oil revenues, with a heavy dependence on hydrocarbons, an underdeveloped policy framework, low governance indicators and a weak banking sector.
The Negative Outlook reflects continued risks and uncertainty around the macroeconomic and financial sector adjustment currently under way.
The Negative Outlook reflects continued risks and uncertainty around the macroeconomic and financial sector adjustment currently under way.
