Riyadh - Mubasher: Fitch Ratings has assigned an "AA-" rating for the dollar bonds issued by Saudi Arabia, according to a recent report by the rating agency.
The bonds are divided into three tranches, $5.5 billion bonds set to mature in 2021 with an interest rate of 2.375%, the second tranche is for another $5.5 billion with an interest rate of 3.25% to mature in 2026, and the third consists of $6.5 billion bonds to mature 2046 with interest at 4.5%.
The rating is in line with Saudi Arabia's long-term foreign currency issuer default rating (IDR) which was affirmed at 'AA-' with a Negative Outlook on 1 September, the report indicated.
