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...
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