"Moody's": Pressures on Manat increased

Azerbaijan's sovereign rating Ba1, forecast is negative

Baku. 3 September. REPORT.AZ/ "Moody's" international rating agency said there is a shortage of US dollars in Azerbaijan. Report informs citing the Moody's increase in dollar shortages again raised pressures on national currency - manat.

The agency noted, if such an economic environment will continue impacts may occur in sovereign rating of Azerbaijan.

Notably, the last time, "Moody's" sovereign rating of Azerbaijan on February 5, 2016. lowered from "Baa3" level to "Ba1" and outlook defined as "negative".

Notably, "Ba1" level defined as speculative and risky. After that comes B level in "Moody 's rating which is also speculative but more risky.

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