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‎Rating upgrade allows Saudi to issue more favorable bonds, sukuk: NDMC

‎Rating upgrade allows Saudi to issue more favorable bonds, sukuk: NDMC

The National Debt Management Center (NDMC) said that Saudi Arabia’s credit rating upgrade by SP Global will allow the Kingdom to issue international bonds and sukuk with more favorable financial terms, while reducing borrowing costs.

This will, in turn, support development projects and boost non-oil economic growth…

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