SOFAZ reduces share of AAA-rated instruments in investment portfolio
Finance
- 17 April, 2025
- 17:49
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As of April 1, 2025, 46.5% of the bond and money market instruments in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) were rated "AAA."
Report informs via SOFAZ that this marks a decrease of 19.9 percentage points compared to April 1, 2024.
At the same time, the share of instruments rated "AA" increased from 16.9% to 23.4%, those rated "A" rose from 10.1% to 17.3%, and "BBB"-rated instruments grew from 6.4% to 12.4%. The share of non-investment-grade instruments also slightly increased from 0.2% to 0.4%.
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