Azerbaijan's Finance Ministry Welcomes Fitch's Upgrade Of Country's Rating To BBB- With Stable Outlook
Date
7/27/2024 2:18:17 AM
(MENAFN- AzerNews)
Azerbaijan's Ministry of Finance said it welcomes Fitch Ratings'
upgrade of the country's long-term foreign currency issuer default
rating to BBB- from BB+ with a stable outlook,
Azernews reports, citing AZERTAC.
The rating upgrade is a manifestation of international
recognition of the country's macroeconomic and monetary policy,
institutional reforms, improvement of the investment environment,
low government debt, especially low level of external public debt,
and other consistent and multifaceted reforms implemented by the
Government of Azerbaijan under the leadership of President Ilham
Aliyev.
The upgraded report of the Fitch Ratings agency is available at
the following link .
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