17:59 - 18.07.2026

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July 18, Fineko/abc.az. International credit rating agency Moody's Ratings has affirmed the Long-Term Issuer Rating of the State Oil Company of the Azerbaijan Republic (SOCAR) at the investment-grade level of "Baa3" with a stable outlook.

According to the agency's report, the rating reflects SOCAR’s baseline credit assessment (BCA) of "ba2" alongside a very high probability of state support from the Azerbaijani government in the event of financial distress.

While the company's critical role in the national economy, solid credit metrics, and its growing importance in supplying natural gas to Europe anchor the rating, Moody's noted that constraints remain due to declining hydrocarbon production volumes, rising M&A activity, and inherent exposure to volatile global oil prices.