Saudi Telecom Company (STC) announced that it has been assigned, on Oct. 28, with the highest grade credit rating by SIMAH Rating Agency-Tassnief, licensed by the Capital Market Authority, with “AAA” for long-term and “T1” for short-term.

 

The assigned credit rating grade reflects the positive vision of Tassnief on STC, represented by its strategic plans and operational capability, with the support of its high cash flows and revenue growth, the telecom provider said in a bourse statement.

 

It also reflects the strength of its financial position and its credit indicators to meet any financing requirements in the future.

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