Moody's Upgrades SOCAR To Investment Grade, Citing Strong Financials And Governance Reforms

(MENAFN- AzerNews)

The international rating agency Moody's has upgraded the State Oil Company of Azerbaijan (SOCAR) to Baa3 (stable)-officially granting the company investment grade status. This marks a major milestone for SOCAR, improving its access to both local and global capital markets and attracting not only risk-oriented but also risk-averse investors, Azernews reports.

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