Fitch downgrades Aramco after attacks on oil facilities


Reuters | Riyadh | Updated: 07-10-2019 21:57 IST | Created: 07-10-2019 21:53 IST
Fitch downgrades Aramco after attacks on oil facilities
Image Credit: Reuters
  • Country:
  • Saudi Arabia

Rating agency Fitch downgraded Saudi Aramco's credit rating by one notch to "A", days after it cut its sovereign rating on the country.

Fitch kept its outlook at stable.

The rating cut follows attacks last month on two production facilities of the state-owned oil giant.

Also Read: UPDATE 1-Fitch downgrades Saudi Arabia's on rising geopolitical risk

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