Fitch reviews SACE rating to BBB+

SACE, Italy’s Export Credit Agency, wholly owned by the Ministry of Economy and Finance, has signed a reinsurance agreement with the Saudi Export-Import Bank (Saudi EXIM), further consolidating the long-standing cooperation between the two institutions.

SACE, Italy’s Export Credit Agency, wholly owned by the Ministry of Economy and Finance, announced the finalization of a USD 1 billion Push Strategy initiative with Saudi Electricity Company (SEC), the primary source of electricity in Saudi Arabia and the leader in electricity production, transmission and distribution in the Middle East and North Africa

CDP and SACE will foster the strengthening of trade relations between the two countries through business promotion and business matching activities for Italian companies