The Azerbaijani Finance Ministry has disagreed with the results of the international rating agency Standard & Poor's on country’s credit rating, the Ministry website reports.

“The report of S&P contained a number of inaccuracies, due to which the Ministry of Finance doesn’t agree with the conclusion of the agency and expresses regret with this regard,” the message reads.

The Ministry also expressed hope that S&P, which lowered Azerbaijan's credit rating in the light of falling oil and oil products prices, “will show the same efficiency and restore the country's investment rating if commodity prices go up."