The international rating agency Moody's downgraded the basic credit rating and long-term deposit ratings of four Azerbaijani banks, the agency said. Reduced were Khalg Bank, Bank Respublika, Bank of Baku and VTB Bank Azerbaijan. The agency added that "deterioration of the financial foundations of Azerbaijani banks occurred against the backdrop of long unfavorable working conditions and the negative impact of the devaluation of the manat, in parti...

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