Tuesday, 02 January 2024 12:17 GMT

SOCAR's Credit Rating Raised, Opening Doors To Global Investors


(MENAFN- AzerNews)

In a significant milestone for Azerbaijan's energy sector, Moody's Investors Service has upgraded the long-term issuer rating of the State Oil Company of Azerbaijan Republic (SOCAR) to Baa3 (stable) - marking the company's transition to investment-grade status. This move not only enhances SOCAR's financial standing but also broadens its investor base, particularly among...

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