Baku -1° 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
20:56
Strategic Working Group for Azerbaijan-US Strategic Partnership Charter holds 2nd meeting
Foreign policy20:51
Photo
Karabakh University and Istanbul Technical University ink MoU
Education and science20:45
Trump: US won't use force to seize Greenland
Other countries20:41
Trump says US will remember Europe's refusal on Greenland issue
Other countries20:27
Video
AnewZ prepares documentary film on Libya
Media20:22
Trump talks about how he gave Putin 'master class' on conflict resolution
Foreign policy20:15
Moody's forecasts slowdown in inflation in Azerbaijan
Finance20:10
Trump: Venezuela will earn more in half a year than in last 20 years
Other countries20:01