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Prospect News home > News index > List of issuers S > Headlines for Saudi Basic Industries Corp. > News item |
Fitch cuts Sabic
Fitch Ratings said it downgraded Saudi Basic Industries Corp.’s long-term issuer default rating to A from A+.
The rating action follows the downgrade of Saudi Arabia after a drone and missile attack on Saudi Aramco’s domestic infrastructure last month.
The outlook is stable.
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