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Fitch Upgrades Saudi Electricity Company to 'A+'; Stable Outlook

Fitch Ratings has upgraded Saudi Electricity Company's (SEC) Long-Term Foreign- and Local-Currency Issuer Default Ratings to 'A+' from 'A', and removed the ratings from Under Criteria Observation (UCO). The National Long-Term Rating was also upgraded to 'AAA(sau)' from 'AA+(sau)'. The agency also said in its reports that all the outlooks are Stable. The upgrade follows a reassessment of SEC's links with the Saudi Arabian government under Fitch's recently updated Government-Related Entities (GRE) Rating Criteria. ....

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Romania's Romgaz gets Fitch rating ahead of FX bond issue

Rating agency Fitch assigned Romanian state-controlled natural gas group Romgaz (BVB: SNG) a first-time BBB- long-term Issuer Default Rating (IDR) with a 'stable' outlook. The company's bb- Standalone Credit Profile (SCP) rating, in the region of speculative investments, benefits from a one-notch. ....

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Stock Market Live Updates 1 March 2024 - The Hindu BusinessLine

Stock Market Live Updates 1 March 2024 - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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