{"id":267652,"date":"2019-04-02T07:25:40","date_gmt":"2019-04-02T07:25:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=267652"},"modified":"2019-04-02T07:26:08","modified_gmt":"2019-04-02T07:26:08","slug":"saudi-aramco-gets-first-credit-rating-ahead-of-bond-debut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-gets-first-credit-rating-ahead-of-bond-debut\/","title":{"rendered":"Saudi Aramco gets first credit rating ahead of bond debut"},"content":{"rendered":"<p>Saudi Aramco, the world&#8217;s top oil producer, has been rated A+ by Fitch in its first-ever credit rating, ahead of the state oil giant&#8217;s first global bond sale and following 2018 earnings that dwarfed those of international oil majors.<\/p>\n<p>Aramco generated earnings before interest, tax and depreciation (EBITDA) of $224 billion in 2018, Fitch said on Monday, surpassing ExxonMobil, the world&#8217;s largest listed oil firm.<\/p>\n<p>Aramco intends to issue its first US dollar-denominated bonds, expected to be for at least $10 billion, in the second quarter to help finance its acquisition of a stake in SABIC, the world&#8217;s fourth-largest petrochemicals maker. The Saudi oil producer is expected to start meeting bond investors this week, sources familiar with the matter told Reuters on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco, the world&#8217;s top oil producer, has been rated A+ by Fitch in its first-ever credit rating, ahead of the state oil giant&#8217;s first global bond sale and following 2018 earnings that dwarfed those of international oil majors. Aramco generated earnings before interest, tax and depreciation (EBITDA) of $224 billion in 2018, Fitch said on Monday, surpassing ExxonMobil, the world&#8217;s largest listed oil firm. Aramco intends to issue its first US dollar-denominated bonds, expected to be for at least $10 billion, in the second quarter to help finance its acquisition of a stake in SABIC, the world&#8217;s fourth-largest petrochemicals [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-267652","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=267652"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267652\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=267652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=267652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=267652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}