International rating agency Moody's has affirmed the long-term deposit rating of Azerbaijan's largest bank, ABB, at Ba1 and maintained the outlook at "stable," APA-Economics reports.
Moody's justified its decision by the bank's strong market position, solid profitability, high capitalization level, and sufficient liquidity reserves.
According to the agency's assessment, ABB maintains a leading position in the country's banking sector, and its financial indicators support the rating level.
Moody's also noted that in May 2026, ABB announced its intention to acquire a controlling stake in Davr Bank, which operates in Uzbekistan. According to the agency, Davr Bank, which specializes in retail lending, is equivalent to approximately 12% of ABB's assets.
Note that the Ba1 rating is considered one notch below investment grade.
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