‎Moody’s upgrades outlook on Aramco, PIF, SABIC, stc, SPPC, Saudi Electricity to ‘Positive’

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Moody’s Investors Services upgraded its outlook from “Stable” to “Positive” on six Saudi heavy-weight corporates, namely Saudi Aramco, Public Investment Fund (PIF), Saudi Basic Industries Corp. (SABIC), Saudi Power Procurement Co. (SPPC), stc and Saudi Electricity Co. (SEC).

This came after Moody’s affirmed Saudi Arabia’s sovereign rating at “A1”…
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