Fitch Ratings Agency has carried out the next assessment of the activity of the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan. According to the agency, the Fund's long-term foreign and local currency rating was affirmed at 'BB + / stable'.
Fitch praised the strong relationship between the state and the Fund and the state support, and set the Fund's rating at the same level as the country's sovereign rating.
Fitch Ratings has been evaluating the Fund's performance since 2009 and publishes its independent credit rating. The assessments conducted over the past 12 years have resulted in the Fund's rating being equal to the country's sovereign rating.
