International credit rating of Azerbaijan Mortgage Fund were upgraded
Press Service of Azerbaijan Mortgage Fund informs that on May 21, 2010 International Rating Agency Fitch Ratings has upgraded the Azerbaijan Mortgage Fund's (AMF) Long-term foreign and local currency ratings to 'BB+' from 'BB'.According to official information of Fitch Rating were mentioned that the upgrading of AMF's ratings, follow the upgrade of Azerbaijan's long-term foreign and local currency issuer default ratings. In information it also mentioned that AMF is a public-sector entity controlled by the Central Bank of Azerbaijan and plays important role in carrying out the national government's housing finance policy. It specially mentioned that the notching further incorporates Fitch's view on the currently available support mechanisms for the entity from the government.
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