(The following statement was released by the rating agency)
LONDON, July 22 (Fitch) Fitch Ratings has affirmed Azerbaijan's
Long-Term Local
Currency (LTLC) IDR at 'BB+' with a Negative Outlook. The
Short-Term Foreign
Currency (STFC) IDR has been affirmed at 'B' and a new
Short-Term Local Currency
(STLC) IDR of 'B' has been assigned.
Under EU credit rating agency (CRA) regulation, the publication
of sovereign
reviews is subject to restrictions and must take place according
to a published
sch
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