Azerbaijan has officially entered the investment-grade category, following a sovereign credit rating upgrade by international agency Moody’s from Ba1 to Baa3. This long-anticipated recognition reflects the country’s successful diversification policies, macroeconomic resilience, and deepening fiscal reforms. Notably, the upgraded rating confirms Azerbaijan’s transition toward an economy less dependent on oil and gas revenues—long considered a structural vulnerability.

The announcement was welcomed by Azerbaijan’s Economy Minister Mikayil Jabbarov, who shared the development on his official X (formerly Twitter) account. He underlined that the rating improvement was a result of wide-ranging reforms initiated under President Ilham Aliyev’s leadership.

“The wide-ranging reforms implemented across the country have ensured macroeconomic stability and fiscal sustainability, deepened economic diversification,........

© AzerNews