Moody's shifts four Saudi issuer views to stable

Moody's Investors Service said it affirmed the ratings of the following four entities domiciled in Saudi Arabia and changed their outlook to stable from negative. The issuers are Saudi Arabian Oil Co. (Saudi Aramco), Saudi Basic Industries Corp. (Sabic), Saudi Telecom Co. and Saudi Electricity Co.

“The rating actions follow Moody's decision on Nov. 5, 2021, to affirm the A1 rating of the government of Saudi Arabia and change the outlook to stable from negative.

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