This came during a survey conducted by Al Arabiya to stand at the opinions of major international rating companies on the evaluation of Aramco and its credit rating.
Marincenko pointed out that Aramco's rating, if it were independent, would have been at (+ AA), which is the highest rating that might be awarded to oil and gas companies.
But he returned to say that it is not possible to look at Aramco without Saudi Arabia because the Kingdom relies on it as the national oil company, so the government relies on cash flows from Aramco, so the classification Aramco is less than that because it is limited by the classification ceiling granted to Saudi Arabia.
He continued: If we look at the final classification of Aramco at (A +) it is one degree higher than the classification of ConocoPhillips and BP, while the Aramco classification is less than the rating Royal Dutch Shell and Total Classifiers (-AA).
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