Fitch Ratings has affirmed Saudi Electricity Company ’s ( SEC ) Long-term Issuer Default Rating (IDR) and senior unsecured rating at ‘AA-’. The Outlook on the Long-term IDR is Stable. Fitch has also affirmed SEC ’s Sukuk issues at ‘AA-’.
SEC ’s ratings are aligned with the Kingdom of Saudi Arabia (’AA-’/Stable), based on strong legal, operational, and strategic links, in accordance with Fitch’s Parent and Subsidiary Rating Linkage methodology………………………………………..Full Article: Source