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Fitch Ratings confirms long-term rating of eurobonds of Southern Gas Corridor CJSC in foreign currency

13.03.2020,18:05


March 13, Fineko/abc.az. International rating agency Fitch Ratings has confirmed the long-term rating of eurobonds of Southern Gas Corridor CJSC in foreign currency at BB+.

It should be noted that Southern Gas Corridor CJSC was established on the basis of the presidential decree from 25 February 2014 on the second stage of operation of gas condensate field Shah Deniz and certain measures related to other projects for the creation of Southern Gas Corridor, 51% of which is state-owned and belongs to the Ministry of Economy, and 49% to a closed joint-stock company owned by SOCAR.