Standard and Poor’s: Azerbaijan ‘BBB-/A-3’ Ratings Affirmed On Strong External Position; Outlook Remains Negative

Standard and Poor’s: Azerbaijan ‘BBB-/A-3’ Ratings Affirmed On Strong External Position; Outlook Remains Negative S$P’s has published its new assessment for Azerbaijan. OVERVIEW • Azerbaijan’s external position remains strong and we forecast continued current account surpluses over 2015-2018, although weaker than in recent years primarily because of the decline in oil prices. • We are therefore affirming our ‘BBB-/A-3’ long- and short-term ratings... Read More