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Fitch rates Saudi Electricity Co Sukuk ‘AA-(exp)’

Posted on 21 March 2012

Fitch Ratings has assigned Saudi Electricity Company’s (SEC) upcoming international debut Sukuk issue an expected ‘AA-(EXP)’ rating. The rating is in line with SEC’s ‘AA-’ Long-term Issuer Default Rating (IDR) and senior unsecured rating and SEC’s 2010, 2009 and 2007 domestic Sukuks’ ratings.
The final rating is contingent upon the receipt of final documentation conforming materially to information already received and details regarding the Sukuk amount………………………………………..Full Article: Source

 
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