15:31 - 13.02.2023
February 13, Fineko/abc.az. S&P Global Ratings has defined the trends of economic and industrial risk in the banking sector of Azerbaijan as stable.
ABC.AZ reports that this is stated in Agency’s risk assessment on the banking sector.
S&P Global Ratings again rated Azerbaijan for 9 points on a 10-point scale in terms of the level of risk growth in this sector.
The Agency has maintained very high risks of economic sustainability and high risks of economic imbalance. As in the November S&P assessment, the institutional framework risks for industry trends were identified as extremely high, the risks associated with competitive dynamics were high and the risks associated with system-wide financing were very high. And credit risks in the economy have been reduced from extremely high to very high.
Among the countries of Central Asia and the Caucasus, Azerbaijan ranked below Georgia, Armenia and Uzbekistan, and above Kazakhstan.
