ECONOMY


Fitch affirms International Bank of Azerbaijan at 'BB'/Negative; downgrades VR to 'f'

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Baku, November 23, AZERTAC

Fitch Ratings has affirmed International Bank of Azerbaijan's (IBA) Long-Term Issuer Default Ratings (IDRs) at 'BB'. The Outlook is Negative.

The agency has also downgraded IBA's Viability Rating (VR) to 'f' from 'b-'.

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