Baku / 23.06.17 / Turan: Standard & Poor"s has downgraded the ratings of Mugan Bank. In particular, the bank"s credit rating was reduced from "B- / B" to "ССС + / С". The outlook for the ratings is negative.The agency noted that the downgrade of the rating was the view that Mugan Bank's creditworthiness characteristics, in particular, liquidity and capitalization indicators, worsened due to continuing unfavorable operating conditions in Azerbaija...

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