Fitch Ratings has affirmed Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan’s (MCGF) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BB+’ with stable outlook.
The affirmation reflects Fitch’s unchanged view on MCGF’s strong link with the Republic of Azerbaijan (BB+/Stable), which warrants an equalization of MCGF’s ratings with those of the sovereign under Fitch’s ‘Government-Related Entities Rating Criteria’.
