“BBB” raiting of credit, which has been prognosed by Fitch Ratings agency of Azerbaijan Mortgage Fund, has been affirmed at the same level

Next evaluation of activity of Azerbaijan Mortgage Fund has been carried out by Fitch Ratings in May of this year. According to evaluation, “stable” forecast “BBB” raiting of credit, which  on long-term liabilities in foreign and local currency to Azerbaijan Mortgage fund, has been affirmed by Fitch Ratings agency. As is known, international rating agency Fitch Ratings equalized the credit rating of  Azerbaijan Mortgage Fund to country rating of Azerbaijan Republic with its decition in 2010.

In information of agency has been said that, the equalization of credit rating of Fund and country credit rating was important, because there are important role of Fund in following indicators:

The public sector status of Fund.

Strong support mechanisms, which are Central Bank gives Fund.

There are strict state control of Central Bank.

There are policy of housing finance of state.

                At the moment, Azerbaijan Mortgage Fund provides to give mortgage credits with low market interest rates to low and middle income people by authorized credit organizations. So far, the number of mortgage loans, which was given by Fund in country, was approximately 670 million and formed 670 million manta.