Fitch affirms Southern Gas Corridor CJSC's Senior unsecured debt at 'BB+'
Fitch Ratings has affirmed Southern Gas Corridor CJSC's (SGC) senior unsecured long-term foreign-currency rating at 'BB+'.
The affirmation reflects Fitch's unchanged assessment of SGC's USD2 billion Eurobonds maturing in 2026 fully guaranteed by the Republic of Azerbaijan (BB+/Negative).
The rating reflects the unconditional, unsubordinated and irrevocable guarantee of full and timely repayment provided to SGC's noteholders by the state. As a result, Fitch views the notes' rating as equalised with Azerbaijan's Long-Term Foreign-Currency IDR.
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Azerbaijan recorded 995 new COVID-19 cases over the past day, the Task Force under the Cabinet of Ministers told Report. Meanwhile, 1,136 people recovered from the infection, and 29 patients succumbed to the deadly pathogen. Overall, the country has reported 301,661 cases of infection, 265,539 recoveries, and 4,169 deaths since the onset of the pandemic. At present, 31,953 people are receiving treatment. Azerbaijan has conducted 3,114,879 coronavirus tests over the past period, including 5,955 today.Social 19 Aprel 17:43
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