Moody’s affirms SOCAR’s Baa3 investment-grade rating

Moody’s Ratings has affirmed the long-term credit rating of Azerbaijan’s state energy company SOCAR at Baa3 with a stable outlook.

The affirmation means SOCAR has retained the investment-grade rating assigned in 2025, the company said.

Moody’s cited SOCAR’s strategic role in Azerbaijan’s economy and energy sector, its integrated operating model, solid financial performance and strong credit profile as key factors supporting the rating.

SOCAR said maintaining the investment-grade rating would help strengthen investor confidence, expand cooperation with financial institutions and improve access to financing.

SOCAR is also rated BBB- with a stable outlook by Fitch Ratings and BB with a positive outlook by S&P Global Ratings.

N.Tebrizli