Standard & Poor’s international ratings agency has affirmed long-term and short-term sovereign credit rating of Azerbaijan in foreign and local currency at ‘BB+/B’, with negative outlook, the country’s Finance Ministry said in a message.
The sovereign credit rating of Azerbaijan remained unchanged, due to the country’s strong fiscal position, and in particular, due to the availability of foreign currency reserves of the State Oil Fund, the message notes.
The experts of the agency forecast the GDP growth in Azerbaijan in 2019-2020 to be 3.5%.
