INSUBCONTINENT EXCLUSIVE:
S-P Global rates Saudi Arabia as A-/A-2 with a stable outlook.Saudi Aramco's forthcoming listing on the local stock market could help
strengthen the government's net asset position, with the proceeds potentially raising the kingdom's longer-term economic growth, S-P
raise between $20 billion and $40 billion."The bulk of the funds raised will go to the government or the Public Investment Fund, potentially
adding to the sovereign's already strong fiscal net asset position of 72.7% of GDP," S-P said in a note."Productively deployed, we believe
the assets could also help maintain growth potential through our three-year ratings horizon."S-P Global rates Saudi Arabia as A-/A-2 with a
The agency said the ratings were constrained by high geopolitical risks, sizable fiscal deficits and the limited transparency of the
kingdom's institutional framework and the reporting of government assets.Get Breaking news, live coverage, and Latest News from India and
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