11:39 - 20.05.2021

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May 20, Fineko/abc.az. International rating agency Fitch has published a new forecast on the State Oil Company of Azerbaijan (SOCAR).

ABC.AZ reports that the Agency changed the forecast of the state-owned company on the long-term rating of the issuer default from ‘Negative’ to ‘Stable’.

The Agency has maintained the priority unsecured rating of SOCAR at the level of ‘BB+’.