Fitch raises Azerbaijan's Country Ceiling to 'BBB'

Fitch raises Azerbaijan
# 14 June 2025 02:28 (UTC +04:00)

Fitch has raised Azerbaijan's Country Ceiling to 'BBB' from 'BBB-', APA-Economics reports.

"We believe risks of capital controls are mitigated by adequate FX supply in the economy, reduced financial dollarisation and improvements in liquidity management by the central bank, while robust FX reserves and SOFAZ's FX-denominated assets can comfortably support the de facto currency peg to the US dollar," noted on Fitch website.

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THE OPERATION IS BEING PERFORMED