Azerbaijani Finance Ministry points to mistakes of S&P

Azerbaijani Finance Ministry points to mistakes of S&P

Azerbaijani Finance Ministry has pointed out inaccuracies contained in the report released yesterday by the ratings agency Standard & Poor's, the drafters of which  lowered the credit rating of the Republic by one notch from BBB-/A-3 to BB+/B.

"Along with this, the Ministry of Finance hopes that Standard & Poor's, which immediately downgraded the credit rating of Azerbaijan due to lower prices for oil and oil products, will show the same efficiency in the case of an increase in commodity prices, restoring the investment rating of the country," the news agency Trend quotes the statement of the Azerbaijani Finance Ministry.

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