Investor Presentaiton

azpromo Azerbaijan Export and Investment Promotion Foundation Competitive economy Sovereign debt ratings Rating agency Term Rating Outlook STANDARD & POOR'S Fitch Ratings Long Term Foreign Currency Short Term - Foreign Currency Long Term Local currency Short Term - Local Currency Long Term - Foreign Currency Short Term - Foreign Currency Long Term Local currency BBB- Stable A3 BBB- A3 BBB- Stable F3 BBB- Long Term Foreign Currency Baa3 Stable MOODY'S - Long Term Local Currency Baa3

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