Aserbaidschan Credit Ratings & Outlooks

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

Rating-Historie

Land	Date of Change	Ratingagentur	Vorheriges Rating	Vorheriger Ausblick	Aktuelles Rating	Current Outlook
Aserbaidschan	Juli 04, 2025	Moody's	Ba1	Positive	Baa3	Positive
Aserbaidschan	Juli 05, 2024	Moody's	Ba1	Stable	Ba1	Positive
Aserbaidschan	Aug. 05, 2022	Moody's	Ba2	Positive	Ba1	Stable
Aserbaidschan	Mai 14, 2021	Fitch	BB+	Negative	BB+	Stable
Aserbaidschan	Apr. 06, 2021	Moody's	Ba2	Stable	Ba2	Positive
Aserbaidschan	Jan. 22, 2021	S&P	BB+	Negative	BB+	Stable
Aserbaidschan	Okt. 23, 2020	S&P	BB+	Stable	BB+	Negative
Aserbaidschan	Apr. 10, 2020	Fitch	BB+	Stable	BB+	Negative
Aserbaidschan	Feb. 02, 2018	Fitch	BB+	Negative	BB+	Stable
Aserbaidschan	Jan. 26, 2018	S&P	BB+	Negative	BB+	Stable
Aserbaidschan	Aug. 18, 2017	Moody's	Ba1	Negative Watch	Ba2	Stable
Aserbaidschan	Mai 19, 2017	Moody's	Ba1	Negative	Ba1	Negative Watch
Aserbaidschan	Juli 29, 2016	S&P	BB+	Stable	BB+	Negative
Aserbaidschan	Apr. 29, 2016	Moody's	Ba1	Negative Watch	Ba1	Negative
Aserbaidschan	Feb. 26, 2016	Fitch	BBB-	Stable	BB+	Negative
Aserbaidschan	Feb. 05, 2016	Moody's	Baa3	Stable	Ba1	Negative Watch
Aserbaidschan	Jan. 29, 2016	S&P	BBB-	Negative	BB+	Stable
Aserbaidschan	Jan. 30, 2015	S&P	BBB-	Stable	BBB-	Negative
Aserbaidschan	Mai 11, 2012	Fitch	BBB-	Positive	BBB-	Stable
Aserbaidschan	Apr. 19, 2012	Moody's	Ba1	Positive	Baa3	Stable

Table Key

Bewertung	Moody's	S&P	Fitch	DBRS	Scope Ratings
Prime (Triple A)	Aaa	AAA	AAA	AAA	AAA
High Grade	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Upper Medium Grade	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Lower Medium Grade	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
Non-Investment Grade Speculative	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
Im Verzug mit wenig Aussicht auf Wiedergewinn		CD	RD	RD
In Verzug		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Nicht bewertet	NR	NR	NR	NR	NR

FAQ

What is Aserbaidschan’s current credit rating?

Aserbaidschan’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 Aserbaidschan’s credit risk.

Has Aserbaidschan’s credit rating changed recently?

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

Why does Aserbaidschan’s credit rating matter to investors?

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

How does Aserbaidschan’s rating compare to other countries?

You can explore how Aserbaidschan 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.