THE COMPANY’S INTERNATIONAL RATINGS

When investors and credit organizations wish to cooperate with any company, first of all the international rating of the company in discussion is reviewed. A rating reflects the economic power of a company and makes it easy to get necessary information about that company. Currently three US companies are leaders in issuing ratings. They are Fitch Ratings, Moody’s and Standard & Poor’s companies. In order for a rating to be more reliable, receiving ratings from at least two rating companies is required.

Advantages of getting ratings for SOCAR:

  • makes attraction of financial funds easier when necessary
  • increases SOCAR’s influence as an international company
  • investors are given the opportunity to get essential information about SOCAR
  • encourages attraction of investment

History of cooperation of SOCAR with rating companies

  • A contract was signed on October 24, 2007 with the City Bank on providing consulting services
  • SOCAR has been cooperating with international rating companies since 2008
  • On October 12, 2009, SOCAR was rated by Fitch Ratings company with the rating BB+ (stable)
  • On May 20, 2010, Fitch Rating company has lifted the rating of the state of Azerbaijan and, at the same time, of SOCAR to BBB (stable)
  • On February 17, 2010, Moody’s company rated SOCAR with Ba1 (stable)
  • On November 01, 2010, a contract was signed with Standard&Poor’s company

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