The international rating agency “S&P Global Ratings” has maintained a stable risk assessment (BICRA) for Azerbaijan’s banking sector, APA-Economics reports, citing the agency.
According to the information, Azerbaijan remains in Group 8 of S&P’s BICRA index.
The sector’s industry risk assessment is rated as “positive,” while the economic risk assessment remains “stable.”
Note that BICRA (Banking Industry Country Risk Assessments) is a country risk assessment of the banking industry by “S&P Global Ratings.” In this assessment, the best score is 1 and the worst is 10. S&P last upgraded Azerbaijan’s banking sector risk rating from “9” to “8” in December 2023. In February of this year, the agency also changed the industry risk assessment for Azerbaijan’s banking sector from “stable” to “positive.”
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