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Prospect News home > News index > List of issuers S > Headlines for Saudi Basic Industries Corp. > News item |
S&P cuts Saudi Basic
Standard & Poor’s said it lowered its long- and short-term corporate credit ratings on Saudi Basic Industries Corp. (Sabic) to A-/A-2 from A+/A-1.
The outlook is stable.
S&P said the two-notch downgrade follows a similar action on the Kingdom of Saudi Arabia on Feb. 17.
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