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Saad Group and related entities outlook to negative on increased real estate exposure; 'BBB+' long-term rating affirmed (Mena Report)

Standard & Poor’s Ratings Services said today that it revised to negative from stable its outlook on Saudi Arabia-based Saad Group and related entities, owing to our view of its increased real estate exposure resulting in the reduced liquidity and geographic diversity of its portfolio.

Original post:
Saad Group and related entities outlook to negative on increased real estate exposure; ‘BBB+’ long-term rating affirmed (Mena Report)

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