Middle East Economic Survey
VOL. XLVIII
No 38
19-September-2005
SAUDI ARABIA
Ratings Suggest SABIC May Seek International Debt After Local Debut
The awarding of ratings to Saudi Basic Industries Corp (SABIC) by Standard & Poor’s and Fitch suggests that the Saudi petrochemical giant will issue an international bond at some stage in the future, although the company is expected first to carry through its plan to debut in the local market. Holding a rating is not a prerequisite...
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