Moody’s turns EIG Pearl view to positive

Moody’s Investors Service said it changed its outlook for EIG Pearl Holdings Sarl to positive from stable and affirmed the A1 ratings on its $1.25 billion of series A senior secured bonds due 2036 and $1.25 billion of series B senior secured bonds due 2046.

The rating action follows a similar action by the agency on Saudi Arabian Oil Co. on Thursday, Moody’s said.

“The rating action on EIG Pearl reflects that the issuer's rating is currently constrained by the rating of Saudi Aramco,” Moody’s said in a statement.

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