Composition of SOFAZ's money market instruments investment portfolio changes in terms of ratings

Agshin Rafigoglu
Author

In January-September of this year, 69.9% of the investment portfolio of the State Oil Fund of Azerbaijan (SOF) on bonds and other money market instruments was rated AAA, which is 11.4 percentage points more than in the nine months of 2021, Report informs.

According to the information, SOFAZ increased the specific weight of AA-rated instruments from 15.7% to 16.7% and reduced the specific weight of A-rated instruments from 16.6% to 10%.

During the reporting period, the share of BBB-rated instruments in the Fund's investment portfolio was reduced from 8% to 2.6%, and the specific weight of non-investment grade instruments was reduced from 1.2% to 0.8%.

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