Fitch Revises Saudi Aramco’s Outlook to Stable

Fitch Ratings, the leading global credit rating agency, has revised its Saudi Aramco outlook to stable from negative while affirming the company’s long-term issuer default rating (IDR) at ‘A.’

The revision of the outlook on Saudi Aramco’s IDR is driven by a similar action on the sovereign, the rating agency said in its new report published on Tuesday.