Fitch gives Saudi Electricity sukuk AA-

Fitch Ratings said it assigned Saudi Electricity Co.'s upcoming international sukuk issue an AA-(EXP) expected rating.

The rating is in line with Saudi Electricity's AA- long-term issuer default rating and senior unsecured rating and Saudi Electricity's 2012, 2010, 2009 and 2007 sukuks' ratings.

The stable outlook on the long-term issuer default rating mirrors that on the Kingdom of Saudi Arabia.

The final rating is contingent upon the receipt of final documentation conforming materially to information already received and details regarding the sukuk amount.

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