The forecast of Muganbank's ratings was changed from "Negative" to "Stable"

On February 25, 2021, the international rating agency S&P Global Ratings upgraded Muganbank's rating outlook to Stable and affirmed the bank's long-term and short-term credit ratings at 'CCC + / C'. Reported by the bank.

It was noted that according to the analysis of S&P Global Ratings, liquidity and funding indicators of Muganbank OJSC have stabilized over the past three months.

According to the agency, the restoration of the macroeconomic environment in Azerbaijan will support the stability of Muganbank's business and the bank will be able to maintain adequate liquidity.