Fitch Ratings has revised Saudi Arabian Oil Company’s (Saudi Aramco) Outlook to Stable from Negative while affirming the company’s Long-Term Issuer Default Rating (IDR) 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 …
The post Fitch Revises Saudi Aramco’s Outlook to Stable; Affirms IDR at ‘A’ first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/fitch-revises-saudi-aramcos-outlook-to-stable-affirms-idr-at-a/