He noted the downgrade of sovereign ratings by international ratings agencies affected not only Azerbaijan, but also other commodity-exporting countries.
Naturally, the fall in oil prices, its negative impact on the economies of countries and reducing their revenues - all this, of course, has led to the rating`s downgrade, added the minister.
Fitch Ratings assigned Azerbaijan`s long-term foreign and local currency Issuer Default Ratings (IDR) as `BB+`, Standard & Poor`s - at the level of BB+/B and Moody`s Investors Service confirmed Azerbaijan`s long-term issuer ratings and senior unsecured debt ratings at Ba1.
More about:
-1780923278.jpg&h=190&w=280&zc=1&q=100)
