Fitch moves Saudi Aramco view to stable

Fitch Ratings said it revised Saudi Arabian Oil Co.'s (Saudi Aramco) outlook to stable from negative while affirming the company's long-term issuer default rating at A.

“The revision of the outlook on Saudi Aramco's IDR is driven by a similar action on the sovereign. The company's IDR is constrained at that of its majority shareholder Saudi Arabia (A/stable), given close links between the company and the sovereign,” the agency said in a press release.

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