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Fitch improves its evaluation of Saudi Aramco

Fitch Ratings, the leading global credit rating agency, has revised its Saudi Aramco outlook to stable from negative while affirming the company’s long-term issuer default rating (IDR) at ‘A.’

The revision of the outlook on Saudi Aramco’s IDR is driven by a similar action on the sovereign, the rating agency said in its new report published on Tuesday.

Source: Arab News

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