S&P: Azerbaijan-Based Utility Azerenerji 'BB/B' Ratings Affirmed; Outlook Negative

March 02, 2017 - Cbonds


S&P Global Ratings today affirmed its 'BB/B' long- and short-term corporate credit ratings on Azerbaijan-based electricity utility Azerenerji JSC. The outlook is negative.
Issuer: Azerenergy
Outstanding issues:
Issuer rating:
S&P Global RatingsBB/NegativeForeign Currency LT08/05/2016
S&P Global RatingsBB/NegativeLocal Currency LT08/05/2016
Fitch RatingsBB+/NegativeLT Int. Scale (foreign curr.)12/06/2016