![The S & P downgraded the rating of Azerbaijan to the "junk" level](https://turan.az/resized/750/500/resize/media/2016/main/012900145186.jpg)
The S & P downgraded the rating of Azerbaijan to the "junk" level
The international rating agency Standard & Poor's lowered the long-term credit rating of Azerbaijan in local and foreign currencies from BBB, the last stage of the investment level, to the "junk" level of BB + on the background of the collapse in oil prices, according to the message of the rating agency. According to the report of the S & P, this is the first decline for the time rating of Azerbaijan. The forecast of rating change is "stable". "Oil prices continued to fall in recent months, and we now expect that the Azerbaijani government will record a budget deficit until the end of 2018. In our view, external risks are amplified, while the Central Bank's international reserves declined by two-thirds from a peak in mid-2014, " commented Analysts S & P. On the eve of the Azerbaijani authorities appealed to the International Monetary Fund (IMF) and the World Bank with request to allocate $4 billion for conducting the economic reform.-0—
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- 29 January 2016 18:41
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- 29 January 2016 22:48
Politics
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On 26 July "Platform III of the Republic" made a statement which drew attention to the unlawful seizure of electronic devices of underage children of the arrested head of this structure Akif Gurbanov.
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From 19 to 26 July, 24 automatic rifles, 1 machine gun, 9 rifles, 28 grenades, 441 shells, 3118 cartridges of different calibre and other ammunition were found in Khankendi, the Azerbaijani Interior Ministry reported. During the mentioned period, the police found 1 machine gun, 50 grenades, 7 fuses, 3 shells and 320 cartridges of different calibre in Shusha.
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President Ilham Aliyev has approved by decree the Azerbaijan-Kazakh intergovernmental agreement on cooperation in military intelligence defense sector. The document was signed in Baku on 7 June 2024.
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At the trial of the opposition politician Tofig Yagublu, the statement of Elnur Vaqifoglu, another accused, was heard at the Baku Serious Crimes Court.
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