Fitch affirms rating of Azerbaijan Mortgage Fund
Finance
- 02 March, 2017
- 05:38
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Baku. 2 March. REPORT.AZ/ Fitch Ratings has affirmed OJSC Azerbaijan Mortgage Fund's (AMF) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BB+' with Negative Outlooks.
Report informs, AMF's ratings are equalised with Azerbaijan's sovereign ratings (BB+/Negative), reflecting the entity's strong legal linkage with the republic, strategically important role to the state's housing finance policy and the state's tight state control over AMF's activities.
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