Azerbaijan ranks 31st in credit rating
Azerbaijan ranked 31st in the National Credit Rating Agency’s
(NCRA) 2009 rating on the credit solvency of world countries. The
South Caucasus republic, which was granted 0.711 points, was
included in the BB group, the second-level ranking that implies
average capability on repaying loans.
Switzerland topped the rating, with 1,401 points, while the United
States came second, with 1,400 points. The two countries, which
were included in the AAA group indicating the top credit repayment
capability, are followed by Japan (1,348 points), Germany (1,319
points) and France (1,314 points), which were included in the AA+
group. The AA+ group includes countries with overly high capability
on repaying credits.
Russia, Azerbaijan’s northern neighbor, stood 15th, with the A-
ranking, while Turkey ranked 27th, with the BB+ medium solvency
level.
Armenia ranked 33rd, with 0.572 points, and was included in the B+
group, the fourth-level rating implying mediocre solvency.
The NCRA is the Bulgarian affiliate of Moody’s Investors Service,
the leading global credit rating agency.*
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