International agency assesses negatively Azerbaijan`s banking system


July 8, Fineko/abc.az. Moody's lowered its assessment of the macroeconomic profile of the Azerbaijani banking system from "weak" to “very weak+”.

ABC.AZ reports that clarification was made in connection with the decrease in the rating of the banking system of Azerbaijan given by the international rating agency.

Such a step of the agency is conditioned with the level of the overall macroeconomic profile of the country “very weak+" and the deterioration of financing conditions in the sector.