Fitch affirms SOCAR rating

Tural Ibadli
Author

Baku. 8 February. REPORT.AZ/ Fitch Ratings has affirmed SOCAR's long-term Issuer Default Rating (IDR) at 'BB+', short-term IDR at 'B' and senior unsecured rating at 'BB+' with the stable outlook, the agency said in a statement.

Fitch says that SOCAR plays a crucial role in development of oil and gas projects and the government takes into account its social functions. 

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