S&P Global Ratings affirms credit ratings of three Azerbaijani banks

11:23 - 3.02.2022


February 3, Fineko/abc.az. S&P Global Ratings has confirmed the credit ratings of three Azerbaijani banks - Kapital Bank (BB-/B), PASHA Bank (B+/B) and MuganBank (B-/B), ABC.AZ reports with reference to the rating agency.

S&P has kept its forecasts for the rating of these financial institutions stable.

"Our estimates of economic risk and industry risk in Azerbaijan are "9" and "9", respectively. According to our estimates, trends in both economic and industry risks remain stable," the agency says.

 

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