Fitch Ratings, an American credit rating agency, was expected to raise Azerbaijan’s credit rating from BB+ to BBB level, Chairman of the Committee on Economic Policy, Industry and Entrepreneurship of the 6th convocation of Azerbaijan’s Milli Majlis Tahir Mirkishili told Report.
“We positively evaluate the improvement of our country’s credit rating, especially given the current geopolitical uncertainties and potential regional risks. I am confident that this assessment by the agency reflects the ongoing positive changes in Azerbaijan’s economy. The basis for the rating increase is an extremely prudent and flexible macroeconomic policy. This policy helps create new opportunities for maneuvering in an unstable world and preserving existing opportunities,” Mirkishili noted.
