Moody's International Rating Agency has revised the ratings of the International Bank of Azerbaijan. The agency has upgraded the Bank's rating outlook from Stable to Positive. The bank's creditworthiness rating also rose by one notch from b3 to b2.

Moody's analysts' positive assessment of the Bank's rating outlook stems from a positive outlook on the future of Azerbaijan's rating. The Bank's high profitability and level of capital adequacy have played an important role in raising the creditworthiness rating..