Tuesday, 24/11/2020 | 8:40 UTC+0
Libyan Newswire

Moody’s Upgrades APICORP’s Rating

In a strong validation of its increasingly robust fundamentals, Arab Petroleum Investments Corporation (APICORP), the Multilateral Development Bank of the Organisation of Arab Petroleum Exporting Countries (OAPEC) in which the Libyan government has a 15% stake, has announced that Moody’s has upgraded its issuer and senior unsecured rating from A1 to Aa3, while maintaining a stable outlook.