Tuesday, 02 January 2024 12:17 GMT

Rating Upgrade Positions SOCAR As Reliable Partner In Global Energy Transition


(MENAFN- AzerNews)

One of the most notable aspects of this upgrade is the emphasis placed on transparency. For years, international investors have sought greater clarity in the financial reporting of state‐owned enterprises. SOCAR's commitment to enhancing disclosure practices and improving communication with rating agencies demonstrates a clear shift toward global standards. This is not merely a technical improvement; it is a cultural change that strengthens Azerbaijan's reputation as a country willing to align its corporate governance with international expectations. Such progress builds confidence among investors and partners, paving the way for more...

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