ID :
182866
Wed, 05/18/2011 - 10:26
Auther :
Shortlink :
https://oananews.org//node/182866
The shortlink copeid
Fitch Revises Azerbaijan`s Outlook to Positive
Baku, May 18 (AzerTAc). Fitch ratings has revised Azerbaijan's rating Outlook to Positive from Stable and affirmed its Long-term foreign and local currency Issuer Default Ratings (IDR) at `BBB-`.
The agency has also affirmed Azerbaijan`s Short-term foreign currency IDR at `F3` and Country Ceiling at `BBB-`.
"Generally prudent management of its energy revenue windfall is rapidly strengthening Azerbaijan's public and external finances, underpinning the sovereign rating," says Charles Seville, Director in Fitch's Sovereign ratings group
The agency has also affirmed Azerbaijan`s Short-term foreign currency IDR at `F3` and Country Ceiling at `BBB-`.
"Generally prudent management of its energy revenue windfall is rapidly strengthening Azerbaijan's public and external finances, underpinning the sovereign rating," says Charles Seville, Director in Fitch's Sovereign ratings group
