Bank Of Baku

S&P lowered ratings of "Azerenerji" JSC

S&P lowered ratings of "Azerenerji" JSC
# 02 February 2016 21:51 (UTC +04:00)

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.

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THE OPERATION IS BEING PERFORMED