Analysts of S&P Global Ratings, based on official statements, consider it possible for a peace agreement to be signed between Azerbaijan and Armenia before November 2024, that is, before the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29), which will be held in Baku, reads a report by the international rating agency S&P Global Ratings affirming Azerbaijan’s sovereign credit ratings, Report informs.

It was noted that Azerbaijan remains in talks with Armenia on a comprehensive peace deal, amid a shifting geopolitical situation across the region:

One of the points of contention in signing the peace treaty remains the process of border demarcation, S&P analysts said, adding that Armenia’s government earlier agreed to Azerbaijan’s demands to hand over several villages inside its borders.