Moody’s views Saudi issuers positively

Moody’s Investors Service said it revised the outlooks for five Saudi corporate issuers to positive from stable and affirmed their ratings. The issuers’ ratings are linked to the sovereign rating.

The issuers are Saudi Arabian Oil Co., Public Investment Fund, Saudi Basic Industries Corp., Saudi Telecom Co., and Saudi Electricity Co.

The outlook revision follows the March 17 decision to affirm Saudi Arabia’s ratings and revise the outlook to positive from stable, the agency said.

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