ECONOMY


Fitch affirms ratings of Azerbaijan Mortgage and Credit Guarantee Fund

Baku, February 27, AZERTAC

Fitch Ratings has affirmed Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan's (MCGF) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BB+' with stable outlook.

The affirmation reflects Fitch's unchanged view on MCGF's strong link with the Republic of Azerbaijan (BB+/Stable), which warrants an equalization of MCGF's ratings with those of the sovereign under Fitch's 'Government-Related Entities Rating Criteria'.

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