Middle East Economic Survey
Moodys Assigns First-Time A1 Issuer Rating To APICORP
Arab Petroleum Investments Corporation (APICORP), a multilateral development bank owned by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), received a first-time issuer rating of A1 from Moodys Investors Service for long-term debt and Prime-1 for short-term debt on 8 June. The ratings have a stable outlook. According to Moodys, APICORPs...