Moody's upgrades Azerbaijan's State Oil Company (SOCAR) to investment grade, signaling financial stability.

Moody's has upgraded Azerbaijan's State Oil Company (SOCAR) to investment grade, reflecting stable profitability forecasts for 2025-2026. The upgrade, to a Baa3 rating, indicates healthy financial performance despite a challenging oil market, and highlights the company's strategic importance to the government. Moody's expects SOCAR to maintain stable production and cash flow, bolstering its financial position and attracting investors.