Baku / 25.06.20 / Turan: S&P Global Ratings (S&P) international rating agency downgraded Muganbank's credit rating from B- / B to CCC + / C.This is stated in the message of the agency. At the same time, the bank is removed from the Credit Watch list. The rating outlook is set to “negative”. The agency said that the assessment is based on the sensitivity of the stability of the bank and its business model. The agency expects that without external...

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