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Thursday, 25 June 2020

Fitch gives Apicorp AA rating, with stable outlook

Fitch Ratings has awarded multilateral development bank Arab Petroleum Investments Corporation (Apicorp) an ‘AA’ rating with a stable outlook. The assessment was reached by the lender’s “excellent” capitalization and low risk profile that has shown itself to be “resilient to negative pressures from the covid-19 outbreak,” the ratings agency said.

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