Moody’s affirms credit ratings of Aramco, SABIC, stc, Saudi Electricity; amends outlook to Stable
11/11/2021
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Moody’s affirmed the credit ratings for Saudi Aramco, Saudi Basic Industries Corp. (SABIC), stc and Saudi Electricity Co. (SEC) and amended its outlook from Negative to Stable.
The ratings are a direct consequence of the sovereign rating action and reflect the credit linkages between the government and each of the four companies.
Due to the linkages, these companies are exposed to the domestic environment factors, including political, economic, regulatory and social factors.
The following table indicated the credit ratings of the four companies’ according to Moody’s:
|
Moody's Ratings of the 4 Firms |
||
|
Company |
Credit Rating |
Outlook |
|
Saudi Aramco |
A1 |
Stable |
|
SABIC |
A1 |
Stable |
|
stc |
A1 |
Stable |
|
Saudi Electricity |
A1 |
Stable |
Market Indices
TASI
10,878.46
13.89
0.13 %
Quotes
STC
43.86
0.06
0.14%
SAUDI ENERGY
16.32
0.32
2.00%
SABIC
48.58
(0.92)
(1.86%)
SAUDI ARAMCO
25.66
(0.06)
(0.23%)
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