Baghlan Group FZCO, a diversified conglomerate with interests in oil & gas exploration and production, trading, construction and transportation in Azerbaijan, has obtained credit ratings from two international rating agencies.
Standard & Poor's Ratings Services has assigned its 'B' long-term corporate credit rating to Baghlan Group FZCO. The outlook is Stable.
Fitch Ratings has assigned Baghlan Group FZCO a long-term foreign currency Issuer Default Rating (IDR) of 'B-'. The outlook is Positive.
Baghlan Group FZCO is the first privately owned corporation in Azerbaijan to obtain international credit rating.
Baghlan Group FZCO, a diversified conglomerate with interests in oil & gas exploration and production, construction and transportation in Azerbaijan, is one of the first private companies in Azerbaijan to enter oil and gas sector and the first private corporation to issue a 3-year debt instrument in the international capital markets.