Fitch affirmed Saudi Aramco's credit rating at A with a stable outlook.
According to Arabiyanet, the agency said in a statement that it had assessed Saudi Aramco's independent credit profile at the a + level.
She added that the company's business profile is characterized by large-scale production, huge reserves, low production costs, and expansion of downstream and petrochemicals.
The agency stated that the assumptions it adopted in the evaluation included the price of Brent crude 2020 at $ 41 a barrel, 2021 at $ 45 a barrel, 2022 at $ 50 a barrel, and 2023 and beyond. At $ 53 a barrel.
(Amazon fun knowledge)
