Azerbaïdjan Credit Ratings & Outlooks

Pays	Moody's	S&P	Fitch	DBRS	Scope Ratings
Azerbaïdjan	Baa3 Positive	BB+ Stable	BB+ Stable	NR	NR

Historique des cotes de crédit

Pays	Date of Change	Agence de notation	Cote précédente	Outlook précédent	Cote actuelle	Current Outlook
Azerbaïdjan	juil. 04, 2025	Moody's	Ba1	Positive	Baa3	Positive
Azerbaïdjan	juil. 05, 2024	Moody's	Ba1	Stable	Ba1	Positive
Azerbaïdjan	août 05, 2022	Moody's	Ba2	Positive	Ba1	Stable
Azerbaïdjan	mai 14, 2021	Fitch	BB+	Negative	BB+	Stable
Azerbaïdjan	avr. 06, 2021	Moody's	Ba2	Stable	Ba2	Positive
Azerbaïdjan	janv. 22, 2021	S&P	BB+	Negative	BB+	Stable
Azerbaïdjan	oct. 23, 2020	S&P	BB+	Stable	BB+	Negative
Azerbaïdjan	avr. 10, 2020	Fitch	BB+	Stable	BB+	Negative
Azerbaïdjan	févr. 02, 2018	Fitch	BB+	Negative	BB+	Stable
Azerbaïdjan	janv. 26, 2018	S&P	BB+	Negative	BB+	Stable
Azerbaïdjan	août 18, 2017	Moody's	Ba1	Negative Watch	Ba2	Stable
Azerbaïdjan	mai 19, 2017	Moody's	Ba1	Negative	Ba1	Negative Watch
Azerbaïdjan	juil. 29, 2016	S&P	BB+	Stable	BB+	Negative
Azerbaïdjan	avr. 29, 2016	Moody's	Ba1	Negative Watch	Ba1	Negative
Azerbaïdjan	févr. 26, 2016	Fitch	BBB-	Stable	BB+	Negative
Azerbaïdjan	févr. 05, 2016	Moody's	Baa3	Stable	Ba1	Negative Watch
Azerbaïdjan	janv. 29, 2016	S&P	BBB-	Negative	BB+	Stable
Azerbaïdjan	janv. 30, 2015	S&P	BBB-	Stable	BBB-	Negative
Azerbaïdjan	mai 11, 2012	Fitch	BBB-	Positive	BBB-	Stable
Azerbaïdjan	avr. 19, 2012	Moody's	Ba1	Positive	Baa3	Stable

Clé de table

Classe	Moody's	S&P	Fitch	DBRS	Scope Ratings
Taux préférentiel	Aaa	AAA	AAA	AAA	AAA
Haute Qualité	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Grade moyen supérieur	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Inférieure Moyenne	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
De qualité inférieure spéculatif	Ba1	BB+	BB+	BB (high)	BB+
	Ba2	BB	BB	BB	BB
	Ba3	BB-	BB-	BB (low)	BB-
Highly Speculative Grade	B1	B+	B+	B (high)	B+
	B2	B	B	B	B
	B3	B-	B-	B (low)	B-
Substantial Risk Grade	Caa1	CCC+	CCC+	CCC
	Caa2	CCC	CCC	CCC	CCC
	Caa3	CCC-	CCC-	CCC
Extremely Speculative Grade	Ca	CC	CC	CCC	CC
Extremely Speculative Grade			C	CCC	C
En défaut avec peu de perspectives de reprise		CD	RD	RD
En défaut		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Non évalué	NR	NR	NR	NR	NR

FAQ

What is Azerbaïdjan’s current credit rating?

Azerbaïdjan’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Azerbaïdjan’s credit risk.

Has Azerbaïdjan’s credit rating changed recently?

This page lists the latest rating and outlook actions for Azerbaïdjan, showing when each agency last reviewed or changed its assessment.

Why does Azerbaïdjan’s credit rating matter to investors?

Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Azerbaïdjan's bond yields, currency, and equity flows as investors reassess risk.

How does Azerbaïdjan’s rating compare to other countries?

You can explore how Azerbaïdjan ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.

What do outlooks like Positive, Stable, and Negative mean?

They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk

What is the difference between investment grade and speculative grade?

Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.