Azerbaijan’s Rating was Downgraded to Negative from Stable

Azerbaijan’s Rating was Downgraded to Negative from Stable Standard & Poor’s Ratings Services has revised its outlook on Azerbaijan to negative from stable on January 31, 2015. At the same time it affirmed the ’BBB-/A-3’ long- and short-term sovereign credit ratings on Azerbaijan. S&P reports that the outlook revision reflects its view that Azerbaijan’s government might draw down its currently substantial fiscal buffers or accumulate general government debt... Read More