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Saudi Aramco Gets 5th-Highest Investment Rating; Starts Roadshow

  • Hires banks for debut dollar bonds; meetings start April 1
  • Proceeds to be used to fund acquisition of Sabic stake
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Saudi Aramco Gets 5th-Highest Investment Rating
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Saudi Aramco obtained the fifth-highest investment grade rating at both Moody’s Investors Service and Fitch Ratings as the world’s largest oil producer prepares for its debut dollar bond offering.

Moody’s rated the oil giant at A1, while Fitch assigned it A+, both with stable outlook. The state-owned company has the same rating as the sovereign from both Moody’s and Fitch.