Moody's has praised the stability of the State Oil Company of Azerbaijan (SOCAR) economic and financial performance, aligning its rating with Azerbaijan's Baa3 country rating.
Today, Moody's Ratings published a report on the State Oil Company SOCAR, affirming its current Baa3 rating and a stable outlook.
Moody's noted that SOCAR's rating is aligned with the Baa3 country-level rating of the Republic of Azerbaijan, reflecting the close cooperation between the Azerbaijani government and SOCAR, which guarantees state support to SOCAR in the event of force majeure.
