Abu Dhabi Oil Giant's Credit Ranked AA as Aramco Seeks Rating - Bloomberg:
Abu Dhabi’s government-owned oil giant received the region’s highest credit rating as Middle Eastern producers, including the world’s largest Saudi Aramco, pursue international investors and seek new funds for expansion.
The assessment of Abu Dhabi National Oil Co. by Fitch Ratings and the expected rankings for Aramco are providing a rare peak into the finances of some of the world’s biggest and most secretive companies.
Adnoc said the increased transparency will help it “expand its partner and investor universe” as it builds refineries and chemical plants. Aramco plans to sell a $10 billion bond to finance the acquisition of petrochemicals maker Saudi Basic Industries Corp.
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