11:18 - 7.08.2026

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August 7, Fineko/abc.az. Fitch Ratings has affirmed  the Long-Term Foreign- and Local-Currency Issuer Default Ratings of the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan at BBB- with a Stable outlook.

Given AMCGF’s vital policy role in providing affordable housing for the population, the rating agency equalized its rating to the sovereign rating of Azerbaijan.

The report highlights that Fund's financial performance is being strengthened through regular government support.
In 2024-2025, 172.7 million manats were allocated from the State Budget for social mortgages, and in 2026 — another 100 million manats. 

An additional form of support is the guarantee of the Central Bank of Azerbaijan (CBA) for the repurchase of AMCGF’s bonds, while nearly 80% of the outstanding securities are fixed in the CBA portfolio. Fitch expects to maintain a high level of government support in the medium term.