Fitch affirms ratings of Azerbaijan Mortgage and Credit Guarantee Fund
Fitch Ratings has affirmed Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan's (MCGF) Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at 'BB+' with a stable outlook, AzerTag reports.
The affirmation reflects Fitch's unchanged view on MCGF's strong link with the Republic of Azerbaijan (BB+/Stable), which warrants an equalization of MCGF's ratings with those of the sovereign under Fitch's 'Government-Related Entities Rating Criteria'.
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