Moody’s credit rating agency raised the ratings of six issuers linked to the Saudi government, changing the outlook from positive to stable.
The decision is related to raising the sovereign rating of the Saudi government from 1A to 3Aa, with a stable outlook.
The institutions are: Public Investment Fund (PIF), Saudi Arabian Oil Company (Aramco), Saudi Basic Industries Corporation (SABIC), Saudi Electricity Company (SEC), Saudi Energy Procurement Company (SPPC), and Saudi Telecom Company (stc).
