21 October 2019

Moody’s appreciates financial reforms in Azerbaijan

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Moody’s has affirmed Azerbaijan’s position at Ba2. informs that the financial reforms aim to reduce debt risks of population and restore lending.

According to Moody’s, the status of net creditor on large amount of foreign assets and ensuring political domestic stability thanks to effective direction of oil and gas revenues to other sectors characterize the creditworthiness of the country.

At the same time, the agency says that reforms in fiscal and financial sector might increase the country’s resistance to strikes, flexibility and reduce debt burden of the government and banking system risk.

Moody’s assessed the increase of loans in financial sector as a positive trend. According to the agency, lending to individuals and enterprises has been increasing since December 2018.

2019.10.11 / 21:13
See also

Iran: U.S. fails to halt Iran's oil industry development

Lebanon agrees final budget with no taxes: tweet

The last oil price on the market

Oil price started to decrease

Azerbaijani currency rates

Oil prices have fallen again

Azerbaijani currency rates

US accuses Halkbank of violating Iran sanctions

Turkmenistan, Iran hold business talks

Russia lost billions in denial of the dollar

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla