Hong Kong: Fitch Ratings has assigned Saudi Arabia’s USD5.5b 2.375% 2021 senior unsecured notes, USD5.5b 3.25% 2026 senior unsecured notes and USD6.5b 4.5% 2046 notes a final rating of ‘AA-‘.
The final rating replaces the expected rating that Fitch assigned on 11 October 2016.
“The rating is in line with Saudi Arabia’s Long-Term Foreign Currency Issuer Default Rating (IDR) which was affirmed at ‘AA-‘ with a Negative Outlook on 1 September 2016.”
“The rating of the notes is sensitive to changes in Saudi Arabia’s Long-Term Foreign Currency IDR.”
