Fitch Ratings and Standard & Poor"s affirmed the credit ratings of PASHA Bank
BAKU/27.12.13/TURAN : Leading international rating agencies Standard & Poor's and Fitch Ratings affirmed the ratings of PASHA Bank.
As stated in the bank , Fitch Ratings affirmed the long-term issuer default rating ( IDR ) of the Bank at "B +", Short-term IDR - at the level of "B", rating outlook - "stable" .
In turn , Standard & Poor's long-term IDR affirmed at PASHA Bank
This is the highest rating among all private banks in the country with a 100% local capital and the second-best rating of all private banks of Azerbaijan , noted in the bank .
PASHA Bank is part of the Group PASHA - a major investment holding company in Azerbaijan , widely represented also in sectors such as insurance, construction, construction materials , tourism and other business areas. -15D -
Economics
-
Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
-
Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
-
Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
-
Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
Leave a review