Middle East Economic Survey

VOL. L

No 15

9-Apr-2007

SAUDI ARABIA

Moodys Assigns A1 Rating To SABIC

Moodys on 4 April assigned A1 long-term foreign and local currency ratings to Saudi Basic Industries Corporation (SABIC). The outlook is stable. The ratings reflect the strong global positions SABIC has built over the past three decades in petrochemicals and fertilizers markets, initially by establishing key strategic partnerships with leading global industry participants. The ratings are also...