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International rating agency Fitch Ratings maintained Azerbaijan's credit rating at stable

06 December 2025 09:19 (UTC +04:00)

The international rating agency “Fitch Ratings” has kept Azerbaijan’s credit rating stable, APA-Economics reports, citing the rating agency.

According to the information, on December 5 the agency conducted its next review on Azerbaijan and decided to maintain all key indicators unchanged and stable (“Review – No Action”). This means that the country’s long-term issuer default rating remains at the level of “BBB–”.

The agency also affirmed the short-term issuer rating at “F3,” the long-term local currency rating at “BBB–,” and the short-term local currency rating at “F3”.

According to the information, the most recent actual rating action was carried out on June 13, 2025, and on that date Fitch affirmed Azerbaijan’s “BBB–” rating and maintained the outlook as “stable.” On December 5, only monitoring was conducted. The main objective was to reassess Azerbaijan’s macroeconomic, fiscal, external, and geopolitical risks, and no basis was found for a rating change.

It should be noted that Fitch upgraded Azerbaijan’s rating from “BB+” to “BBB–” in July 2024, and this rating has remained unchanged in all subsequent reviews.