AZ

Moody's upgrades SOCAR to investment grade, citing strong financials and governance reforms

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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