29.06.2015 16:52:00
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OJSC XALQ BANK -- Moody's: Outlook changes to negative for Azerbaijan's banking system
London, 29 June 2015 -- The banking system outlook has changed to negative from stable for Azerbaijan (Baa3 stable), says Moody's Investors Service, reflecting the impact of lower global oil prices and currency devaluation on the operating environment for banks, as well as on their asset quality, capital, profitability, and funding.