Moody's has appointed investor service today the first classifications of the A2 / P1 for the Saudi real estate reinforcement company (SRC). At the same time, the Agency also appointed the local scale ratings of the source (AA2.SA/SA-1) for the company.
> The current negative outlook is in line with the future outlook for the source classification of the Kingdom of Saudi Arabia (in the A1 category with a negative futuristic look), a support provider.
> The company is fully owned by the Saudi government through the Public Investment Fund (Saudi Sovereign Wealth Fund) and has been licensed by the Saudi Central Bank, formerly known as an institution Saudi Arabian Monetary (SAMA), to work in the secondary real estate market.
> Moody's is a source of government-related estate source and applies the methodology associated with the government to determine the source classifications of the company and the methodology of finance companies to determine the independent basic credit valuation (BCA) for the company .
