15:42 - 17.07.2026

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July 17, Fineko/abc.az. Moody's Ratings has completed a scheduled periodic review of Azerbaijan's ratings.

According to the report, Azerbaijan's ratings, including its long-term issuer ratings at Baa3, are supported by the government's significant net credit position, which is funded by large financial assets managed by the State Oil Fund of Azerbaijan (SOFAZ), which provides a substantial financial safety net and minimizes government's liquidity risks and external vulnerabilities.

The agency noted that, despite progress in economic diversification, the main factors limiting country's credit profile remain its high dependence on the oil & gas sector, long-term weaknesses in the institutional and managerial spheres, and geopolitical risks associated with its relations with Armenia.