Frankfurt am Main, April 29, 2016 -- Moody's Investors Service has today confirmed Azerbaijan's long-term issuer ratings and senior unsecured debt ratings at Ba1 and assigned a negative outlook. Concurrently, Moody's Investors Service has also confirmed Southern Gas Corridor's state-guaranteed senior unsecured debt rating at Ba1 and assigned a negative outlook. Today's rating action concludes the rating review for downgrade that was announced on 5 February 2016.

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