Fitch Affirms SOCAR's 'BB +' Rating
The international rating agency Fitch Ratings has confirmed SOCAR's rating at "BB +", the forecast is "Stable", according to a message posted on the agency's official website."SOCAR is wholly owned by the state, and its rating is equal to that of Azerbaijan in accordance with the criteria for rating companies related to the state. This is supported by state support provided to the company in the form of financial guarantees, cash ...