Baku 22° 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
22:38
Six killed in terrorist attack on Rangers headquarters in Karachi - UPDATED
Other countries22:29
Two killed, 10 injured in minibus crash in Türkiye
Region22:11
Vučić: Serbia must preserve military neutrality at any cost
Other countries22:02
Photo
Nazim Sadykhov loses at UFC Fight Night Baku - UPDATED - 3
Individual sports21:44
Photo
Death toll from Venezuela earthquake surpasses 1,400
Other countries21:24
Qarabag thrash Austria's Tirol in friendly
Football21:14
Axios: Trump hints at possible abandonment of Anchorage Agreements with Russia
Other countries21:05
Farman Hasanov: I planned to finish the fight early
Individual sports20:30
Photo