Azerbaijan Rating: Azerbaijan Credit Rating

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Rating Moody's Azerbaijan
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2025-07-04Baa3 (Positive)
2024-07-05Ba1 (Positive)
2022-08-05Ba1 (Stable)
2021-04-06Ba2 (Positive)2025-07-04Baa3
2019-04-12Ba2 (Stable)2024-07-05Ba1
2017-08-18Ba2 (Stable)2022-08-05Ba1
2017-05-19Ba1 (Under Review)2021-04-06Ba2
2016-04-29Ba1 (Negative)2019-04-12Ba2
2016-02-05Ba1 (Under Review)2017-08-18Ba2
2015-12-04Baa3 (Stable)2017-05-19Ba1
2012-04-19Baa3 (Stable)2016-04-29Ba1
2011-03-08(Positive)2016-02-05Ba1
2009-06-19(Stable)2015-12-04Baa3
2008-07-30(Positive)2012-04-19Baa3
2006-09-15Ba12006-09-15Ba1
2006-09-14Ba1 (Stable)2006-09-14Ba1
Moody's: Long term Rating
Rating S&P Azerbaijan
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2025-12-05NR (Positive)
2021-01-22BB+ (Stable)
2020-10-23(Negative)
2018-01-26(Stable)
2016-07-29(Negative)
2016-01-29BB+ (Stable)2025-12-05NR
2015-01-30(Negative)2021-01-22BB+2025-12-05NR2025-12-05NR
2011-12-23BBB- (Stable)2016-01-29BB+2016-01-29B2016-01-29B
2009-12-14(Positive)2011-12-23BBB-2011-12-23A-32011-12-23A-3
2008-12-16BB+2008-12-16BB+2008-12-16B2008-12-16B
S&P: Long term Rating
Rating Fitch Azerbaijan
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2020-04-10BB+2020-04-10BB+2020-04-10B
2020-01-17BB+2020-01-17BB+2020-01-17B
2019-07-19BB+2019-07-19BB+2019-07-19B
2019-01-25BB+2019-01-25BB+2019-01-25B
2018-07-27BB+ (Stable)2018-07-27BB+2018-07-27B
2018-02-02BB+ (Stable)2018-02-02BB+2018-02-02B
2017-08-04BB+ (Negative)2017-08-04BB+2017-08-04B
2017-02-24BB+ (Negative)2017-02-24BB+2017-02-24B
2016-08-26BB+ (Negative)2016-08-26BB+2016-08-26B
2016-07-22BB+ (Negative)2016-07-22BB+2016-07-22B
2016-02-26BB+ (Negative)2016-02-26BB+2016-02-26B
2015-08-28BBB-2015-08-28BBB-2015-08-28F3
2015-03-13BBB-2015-03-13BBB-2015-03-13F3
2014-09-26BBB- (Stable)2014-09-26BBB-2014-09-26F3
2014-03-28BBB- (Stable)2014-03-28BBB-2014-03-28F3
2014-03-11BBB- (Stable)2014-03-11BBB-2014-03-11F3
2013-10-17BBB- (Stable)2013-10-17BBB-2013-10-17F3
2013-04-26BBB- (Stable)2013-04-26BBB-2013-04-26F3
2012-05-11BBB- (Stable)2012-05-11BBB-2012-05-11F3
2011-05-17BBB- (Positive)2011-05-17BBB-2011-05-17F3
2010-05-20BBB- (Stable)2010-05-20BBB-2010-05-20F3
2007-02-05BB+ (Stable)2007-02-05BB+2007-02-05B
2004-11-22BB (Stable)2004-11-22BB2004-11-22B2020-04-10B
2002-07-25BB- (Positive)2002-07-25BB-2002-07-25B2020-01-17B
2001-07-20BB- (Stable)2001-07-20BB-2001-07-20B2019-07-19B
2000-09-21B+ (Positive)2000-09-21BB-2000-09-21B2019-01-25B
2000-07-03B+2000-07-03BB-2000-07-03B2018-07-27B
0000-00-00BBB- (Stable)0000-00-00BBB-0000-00-00F30000-00-00F3
Fitch: Long term Rating

See also>
GradeMoody'sS&PFitch
PrimeAaaAAAAAA
High gradeAa1AA+AA+
Aa2AAAA
Aa3AA-AA-
Upper medium gradeA1A+A+
A2AA
A3A-A-
Lower medium gradeBaa1BBB+BBB+
Baa2BBBBBB
Baa3BBB-BBB-
Non-investment grade
speculative		Ba1BB+BB+
Ba2BBBB
Ba3BB-BB-
Highly speculativeB1B+B+
B2BB
B3B-B-
Substantial risksCaa1CCC+CCC+
Caa2CCCCCC
Caa3CCC-CCC-
Extremely speculativeCaCCCC
C
In default with little
prospect for recovery		SDRD
In defaultCDD
DD
DDD
Not ratedWRNR
GradeMoodysS&PFitch
High gradeP-1A-1+F1+
Upper medium gradeP-1A-1F1
Lower medium gradeP-2A-2F2
Non-investment grade
speculative		P-3A-3F3
Highly speculativeBB
Extremely speculativeNPCC