Baku 7° C
Fitch expects SOCAR’s earnings to rebound
Energy
- 20 November, 2021
- 07:27
Fitch assesses SOCAR’s Standalone Credit Profile (SCP) at ‘b+’, with high leverage being the main constraint, Report informs, citing the rating agency.
"Leverage High but Under Control," the agency notes.
"SOCAR’s 2020 performance was fairly strong despite weak international oil prices due to regulated domestic prices and strong trading operations. We expect SOCAR’s earnings to rebound in 2021 on stronger international oil prices and increased regulated fuel prices since January 2021," Fitch says.
Author
Latest News
10:31
Embassy of Netherlands in Baku congratulates Azerbaijanis on Solidarity Day
Foreign policy09:44
UN Office in Baku congratulates Azerbaijani people
Foreign policy09:41
Azerbaijani oil price edges up slightly
Energy09:38
Ambassador of Israel congratulates Azerbaijan
Foreign policy09:09
First Vice-President Mehriban Aliyeva makes post on World Azerbaijanis Solidarity Day and New Year
Domestic policy09:06
Photo
Four injured in overnight Russian shelling of Odesa; homes and cars set ablaze
Other countries09:03
Azerbaijan's Ministry of Foreign Affairs shares post on occasion of holidays
Foreign policy08:55
President Ilham Aliyev makes post on World Azerbaijanis Solidarity Day and New Year
Domestic policy00:00