Baku-APA – Economics. International rating agency Standard & Poor's (S&P) has lowered the short-term and long-term credit ratings of Azerenerji JSC to `BB+/B` from `BBB-/A-3`, the company said, APA reports.
The ratings remain negative.
Standard & Poor’s expects to resolve the CreditWatch within the next 90 days, during which time the agency expects to gain a clearer view of the government`s intentions and administrative capacity to provide support to Azerenerji.