Abu Dhabi assures Moody's of financial assets
Abu Dhabi assured Moody's that its financial assets are worth at least double the value of the Gulf emirate's gross domestic product, well above the external debt of the UAE, the rating agency said on Tuesday.
Moody's Investors Service assigned A1 long term local and foreign currency issuer ratings to Saudi Telecom Company, the integrated provider of telecommunications services which is 70% owned by the government of Saudi Arabia, with around 10% held by related bodies.