Fitch Ratings increased Azerbaijan"s long-term issuer"s default rating (IDR) from BB+ to BBB- in local and foreign currencies on Thursday. The forecast is stable. Fitch also increased Azerbaijan"s national upper limit from BB+ to BBB-, and the short-term IDR in hard currency from B to F3. So Azerbaijan has become a third CIS country to receive an investment rating. The country"s long-term foreign-currency rating is comparable with that of Kaz...

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