Saudi Aramco made $ 111 billion in 2018, surpassing Apple as being profitable



Despite Aramco's massive employment, the company has not secured the highest credit rating from organizations like Moody and since it could rely heavily on the economy of the country being a major problem. T the company. Moody's scaled A1 for Aramco. Companies such as Chevron and Exxon Mobil have Aa2 and Aaa levels, which are higher than Aramco.

"Credit links to the Saudi Arabia government (A1 stable, A1 foreign currency) are important and as a result we decided to limit the Aramco rate to the government government," said Rehan Akbar, chief credit officer. Moody's, in a pound.

"While it is definitely that Aramco was run as a commercial trading company, the government budget relies heavily on grants from Aramco in the form of duties, taxes and sections," said Akbar.

– CNBC's Tom DiChristopher and Reuters presented this report.

Look at: Saudi's market will be big, with Aramco on board


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