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Prospect News home > News index > List of issuers S > Headlines for Saudi Electricity Co. > News item
Published on 3/20/2012 in the Prospect News Emerging Markets Daily.

Fitch rates Saudi Electricity Sukuk issue AA-

Fitch Ratings said it assigned Saudi Electricity Co.'s upcoming international debut Sukuk issue an expected AA- rating.

The agency said the rating is in line with Saudi Electricity's AA- long-term issuer default rating and senior unsecured rating and Saudi Electricity's 2010, 2009 and 2007 domestic Sukuks' ratings.

Fitch said the transaction involves the transfer by Saudi Electricity of a portfolio of assets to Saudi Electricity Global Sukuk Company, a wholly-owned subsidiary of Saudi Electricity.

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