Baku-APA-ECONOMICS. International rating agency Fitch downgraded the long-term rating of Azerbaijan in local and foreign currency from "BBB-" to "BB +", reads the statement of the agency, APA-economics reports.
The rating outlook is "negative"
The agency says the low oil prices are the reason.
In January, Azerbaijan's rating downgraded to "BBB-" to "BB +" rating
In January, Azerbaijan's rating downgraded to "BBB-" to "BB +" by rating agency S&P.