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BRIEF-Moody's places Azerbaijan's Ba1 ratings on review for downgrade
May 19, 2017 / 6:44 PM / 2 months ago

BRIEF-Moody's places Azerbaijan's Ba1 ratings on review for downgrade

1 Min Read

May 19 (Reuters) - Moody's :

* Moody's places Azerbaijan's Ba1 ratings on review for downgrade

* Moody's on Azerbaijan-Decision to initiate review for downgrade prompted by unexpected announcement of restructuring plan for International Bank of Azerbaijan

* Moody's says it expects the government will have to provide additional funding to raise IBA's tier 1 capital adequacy ratio

* Moody's says Azerbaijan's long-term local-currency bond and bank deposits country ceilings remain unchanged at Ba1 Source text for Eikon:

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