{"id":75820,"date":"2023-08-14T12:26:21","date_gmt":"2023-08-14T09:26:21","guid":{"rendered":"https:\/\/indexeconomic.com\/?p=75820"},"modified":"2023-08-14T12:26:22","modified_gmt":"2023-08-14T09:26:22","slug":"moodys-reaffirms-apicorp-rating-at-aa2-with-stable-outlook","status":"publish","type":"post","link":"https:\/\/indexeconomic.com\/?p=75820","title":{"rendered":"Moody\u2019s reaffirms APICORP rating at &#8216;Aa2&#8217; with &#8216;Stable&#8217; outlook."},"content":{"rendered":"\n<p class=\"has-text-align-left wp-block-paragraph\"><strong> <\/strong>The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral financial institution, announced that Moody&#8217;s Investors Service (Moody&#8217;s) had reaffirmed its credit rating as a Long-Term Issuer at &#8216;Aa2&#8217; with a Stable outlook.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">The ratings reflect APICORP\u2019s ample liquidity to cover upcoming net cash due to its well-diversified funding structure and shareholder support from callable capital, and strong enforcement measures.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">Despite credit challenges, including the geopolitical environment in borrower countries and high portfolio and shareholder risks arising from the global carbon transition, APICORP&#8217;s asset quality remains unaffected thanks to its strong corporate governance and risk management practices.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">In addition to a strong capital position supported by its robust profitability, Moody&#8217;s rating reflects APICORP&#8217;s return on equity, which averaged 5.6%, three percentage above the median, amid challenging operating conditions. The average return on assets was 1.8% in 2022, in line with the corporation\u2019s 10-year average (2013-2022), above its peers&#8217; averages.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Commenting on this development, Mehdi Z. Rizvi, Acting Chief Risk Officer &amp; Head of Credit Risk at APICORP, said: <\/strong>\u201cWe are proud that Moody\u2019s has reaffirmed our \u2018Aa2\u2019 rating. This is a testament to our strong governance and risk management and is reinforced by the confidence of our partners and other stakeholders in our ability to overcome challenges and seize opportunities as they arise. In line with our strategy, we are committed to transforming our current credit-negative exposure to the global carbon transition into a credit-positive exposure by potentially expanding our portfolio in carbon-reducing sectors over time.\u201d<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">In addition to Moody&#8217;s \u2018Aa2\u2019 rating, APICORP also holds ratings of \u2018AA\u2019 and \u2018AA-\u2019 from Fitch and S&amp;P Global, respectively, demonstrating APICORP\u2019s solid financial footing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral financial institution, announced that Moody&#8217;s Investors Service (Moody&#8217;s) had reaffirmed its credit rating as a Long-Term Issuer at &#8216;Aa2&#8217; with a Stable outlook. The ratings reflect APICORP\u2019s ample liquidity to cover upcoming net cash due to its well-diversified funding structure and shareholder support from callable capital, &hellip;<\/p>\n","protected":false},"author":2,"featured_media":75821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-75820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Moody\u2019s reaffirms APICORP rating at &#039;Aa2&#039; with &#039;Stable&#039; outlook. - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indexeconomic.com\/?p=75820\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moody\u2019s reaffirms APICORP rating at &#039;Aa2&#039; with &#039;Stable&#039; outlook. - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a\" \/>\n<meta property=\"og:description\" content=\"The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral financial institution, announced that Moody&#8217;s Investors Service (Moody&#8217;s) had reaffirmed its credit rating as a Long-Term Issuer at &#8216;Aa2&#8217; with a Stable outlook. 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