Moody's improves outlook on IBA's ratings
International rating agency Moody's Investors Service has changed to stable from "negative" the outlook on the following global scale ratings of International Bank of Azerbaijan (IBA), the agency said in the report posted on its website.
The bank's standalone bank financial strength rating (BFSR) of E+, which is equivalent to a standalone baseline credit assessment (BCA) of b3, long-term local and foreign currency deposit ratings of Ba3, long-term foreign currency senior unsecured debt rating of Ba3, and long-term foreign currency subordinated debt rating of B1.
Moody's rating action is largely based on International Bank of Azerbaijan's audited financial statements for 2012, prepared under IFRS.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!