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ADNOC Murban expected to be rated AA / Aa2 / AA by S&P, Moody’s and Fitch respectively

ABU DHABI, 25th January, 2022 (WAM) -- Abu Dhabi National Oil Company (ADNOC) announced today that it has created a new, wholly owned subsidiary, ADNOC Murban RSC Ltd (ADNOC Murban), which will become the primary debt capital markets issuing and rated entity for ADNOC Group. ADNOC Murban is expected to be rated "AA" by Standard & Poor’s (S&P), "Aa2" by Moody’s Investor Services (Moody’s) and "AA" by Fitch Ratings (Fitch) - aligned with ratings assigned to ADNOC’s shareholder, the Emirate of Abu Dhabi. These strong...

ABU DHABI, 25th January, 2022 (WAM) -- Abu Dhabi National Oil Company (ADNOC) announced today that it has created a new, wholly owned subsidiary, ADNOC Murban RSC Ltd (ADNOC Murban), which will become the primary debt capital markets issuing and rated entity for ADNOC Group. ADNOC Murban is expected to be rated "AA" by Standard & Poor’s (S&P), "Aa2" by Moody’s Investor Services (Moody’s) and "AA" by Fitch Ratings (Fitch) - aligned with ratings assigned to ADNOC’s shareholder, the Emirate of Abu Dhabi. These strong...

Asian refiners were disappointed once again by Middle Eastern official selling prices, with a lower-than-expected reduction likely to drive the refiners to the spot market

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