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Youssef Al Feel, along with his brothers and cousins, managed to break the windows and enter flooded houses — moving people to safety for an entire day
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Moody's upgrades Sabic rating
JEDDAH — The rating of the Saudi Basic Industries Corporation (Sabic) has been upgraded.
Sabic is among the highest-rated global chemical companies by Moody's. Moody's Investors Service Limited has assigned a long-term foreign and local currency rating (A1) with a stable outlook to Sabic.
Moody's believes that Sabic's rating reflects the strong global position it has built over the past three decades in the petrochemicals (e.g. ethylene, methanol, MTBE, ethylene glycol, polyolefins) and fertilisers markets. Sabic enjoys a highly competitive cost position.
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