Finance Ministry Does Not Agree with S & P Lowering Azerbaijan’s Rating to “Junk”
The Azerbaijani Ministry of Finance has expressed disagreement with the Standard & Poor’s credit rating of Azerbaijan.
S & P lowered the long-term and short-term credit ratings of Azerbaijan in foreign and local currency by one point - to BB + / B from BBB- / A-3.
In particular, the agency explained the downgrading to the so-called "junk" with the fact that the decline in oil prices in the world market will affect the macroeconomic stability of Azerbaijan.
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