S&P revises Azerbaijan's banking industry risk outlook to positive

International rating agency S&P Global Ratings has improved the risk assessment (BICRA) of Azerbaijan's banking sector.

S&P has changed the industry risk assessment for the banking sector of Azerbaijan from "stable" to "positive", Caliber.Az reports, citing local media.

Last time S&P improved the risk assessment of Azerbaijan's banking sector from "9" to "8" in December 2023.

The Banking Industry Country Risk Assessment (BICRA) is a methodology developed by S&P Global Ratings to evaluate the economic and industry risks associated with banking systems across various countries. BICRA reports offer insights into the stability and risk profiles of these banking systems, which are crucial for investors, policymakers, and financial institutions.

By Khagan Isayev