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  • 23-09-21

    Saudi Arabia: Moody’s affirms its A1 long-term issuer rating

    (MENAFN)Bond credit rating firm Moody’s improved the baseline credit assessment (BCA) of Saudi Arabia’s “stc”, saying it has preserved “very strong financial metrics.”

    The telecom company’s BCA was amended from a1 to a2, and Moody’s also affirmed its A1 long-term issuer rating.

    According to a recent report, Julied Haddad, a senior analyst at Moody’s stated that “The upgrade reflects stc's leading position in the Saudi telecom sector, which has considerable growth opportunities.”

    The ratings agency factors in financial profile, market dominance, and liquidity in deciding on companies’ BCA.

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