Fitch Ratings international rating agency has affirmed Azerbaijan’s long-term foreign and local currency issuer default rating (IDR) at ‘BB +’, and changed the outlook on the rating from ‘stable’ to ‘negative’, APA reports citing the Agency.
The approval of Azerbaijan’s IDR at the level of “BB +” reflects the low level of total public debt (19.1% of GDP in 2019).
Source: Azeri-Press News Agency
