Fitch Ratings Upgrades Saudi Electricity Company’s Credit Rating to ‘A+’ with Stable Outlook, on Par with the Kingdom’s Sovereign Rating
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Saudi Electricity Company (SEC), announced that Fitch Ratings has upgraded its Ratings to ‘A+’ from ‘A’, aligning it to be on par with the national sovereign rating. Reflecting on the news of the upgrade, Eng. Khaled bin Hamad Al-Gnoon, CEO of the Saudi Electricity Company, commented: “We are pleased with this positive upgrade of SEC’s