14:45 - 6.06.2026

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June 6, Fineko/abc.az. Fitch Ratings has affirmed Azerbaijan's Long-Term Foreign-Currency Issuer Default Rating (IDR) at investment-grade 'BBB-' with a Stable Outlook.

ABC.AZ reports that according to the rating agency's announcement, Azerbaijan’s ratings are heavily underpinned by a very strong external balance sheet, the lowest public debt burden within its rating peer group, and substantial financing flexibility derived from its large sovereign wealth fund assets.

Set against these credit strengths are structural vulnerabilities, including a heavy economic reliance on hydrocarbons, relatively weak governance indicators, an underdeveloped economic policy framework, and lingering geopolitical risks.