Standard & Poor’s has kept the long-term credit rating of Azerbaijan at BBB- with a stable forecast and short-term rating at A-3.
The agency predicts economic growth of 3.8% for Azerbaijan in 2013 and non-petroleum growth of 5% in 2014. Oil extraction is not expected to change until 2017. Geopolitical risks of Nagorno-Karabakh hinder further improvement of the rating.
