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BRIEF-Azerbaijan's credit profile reflects country's vulnerability to volatile oil prices​ - Moody's
September 8, 2017 / 1:37 PM / 3 months ago

BRIEF-Azerbaijan's credit profile reflects country's vulnerability to volatile oil prices​ - Moody's

Sept 8 (Reuters) - Moody’s on Azerbaijan

* Moody’s says Azerbaijan’s credit profile reflects country’s vulnerability to volatile oil prices​

* Moody’s says expects that Azerbaijan’s economy will contract for the second consecutive year in 2017‍​

* Moody’s on Azerbaijan says drop in oil prices resulted in prolonged recession in Azerbaijan, has put pressure on government and external finances

* Moody’s on Azerbaijan says ratings would come under negative pressure if government’s balance sheet deterioration were to continue beyond 2018​ Source text for Eikon: Further company coverage: [Moody’s on Azerbaijan]

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