BAKU, Azerbaijan, May 14. Southern Gas Corridor
CSJC has highlighted the Baseline Credit Assessment (BCA) from
Moody’s Ratings as one of the highest in the CIS region, Trend
reports via the SGC.
“Southern Gas Corridor CSJC has obtained an inaugural Long-Term
Issuer Rating from the international rating agency “Moody’s
Ratings.” Following an extensive and independent financial
analysis, SGC’s Long-Term Issuer Rating has been affirmed at "Baa3"
/ Positive, which is an investment-grade level.
Additionally, “Moody’s Ratings” has confirmed SGC's Baseline
Credit Assessment (BCA) at "baa3". This is one of the highest BCA
indicators issued not only in Azerbaijan but also across the CIS
region. According to “Moody’s Ratings,” SGC's rating is constrained
by the sovereign rating of Azerbaijan ("Baa3"). Future positive
changes in the country's sovereign rating will also have a direct
effect on the Company’s rating. This rating once again proves SGC's
financial stability and reliability in international financial
markets,” the company said.
In 2025, SGC successfully obtained a “BBB-” / Stable Long-Term
Issuer Default Rating from the international rating agency Fitch
Ratings.
SGC is a closed joint-stock company established for the purpose
of holding, managing, and financing the Republic of Azerbaijan’s
participation shares in the Southern Gas Corridor projects. 51% of
SGC's shares are owned by SOCAR, while 49% are held by the Ministry
of Economy of the Republic of Azerbaijan, acting on behalf of the
State.
