“Moody’s” raised the unsecured rating of “Southern Gas Corridor” CJSC

“Moody’s” raised the unsecured rating of “Southern Gas Corridor” CJSC

“Moody’s Investors Service” international rating agency raised the priority unsecured rating of “Southern Gas Corridor” CJSC (CQD) in foreign currency from “Ba2” to “Ba1” and changed the forecast from positive to stable.

“Report” informs that this is stated in the information of the rating agency.

“Southern Gas Corridor” JSC was established for the purpose of efficient management of the components of the CCD project. SOCAR’s share in the company’s capital is 49%, and the state’s share is 51%.

The total cost of the CQD project is 38 billion US dollars.

The supply of Azerbaijani gas to Europe started on December 31, 2020. The transportation to Turkey started in the summer of 2018.

CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (0)
Disqus ( )