Fitch Ratings upgrades SOCAR's rating outlook

Baku. 15 February. REPORT.AZ/ Fitch Ratings has affirmed State Oil Company of the Azerbaijan Republic's (SOCAR) Long-Term Issuer Default Rating (IDR) at 'BB+', Short-Term IDR at 'B' and senior unsecured rating at 'BB+'. 

Report informs citing the Fitch Ratings official website.

All ratings have been removed from Rating Watch Negative (RWN). The outlook is stable. SOCAR's rating is aligned with the rating of Azerbaijan (BB+/Stable).