Azerbaijan 2021 has been conducting the development of railways until the year: International Rating Agency Fitch Raitings assessed the credit rating of Azerbaijan Railways as lar BBB- l.
Fitch's assessment was decided by the uncertainty in the support of the Azerbaijani government in case of loss of income to the company.
The statement, the government, 2016-2020 Railways Development Program reportedly prepared.
In addition, in the estimation of ratings, it is reported that the decrease in oil revenues will be reflected in the costs of railway companies.
Fitch stated that most of the revenues of the railways are import-export transportation and especially the transportation of oil.
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