Middle East Economic Survey

VOL. LIII

No 37

13-Sep-2010

SAUDI ARABIA

S&P Upgrades SABIC Innovative Plastics Corporate Credit Rating

Standard & Poors Ratings Services (S&P) has raised its long term corporate credit rating for the SABIC Innovative Plastics subsidiary of Saudi Basic Industries Corporation (SABIC) from BB to BBB-, it said on 6 September. The ratings agency said that plastics firms credit profile has seen strong improvement in the first half of the year, due in large part...