The debt is rated Aa2, the third-highest investment grade, by Moody’s and one step lower at AA- by Fitch Ratings
As an economic downturn looms, the average blue-chip company is expected to be in balance sheet repair mode
Oil is still up around 20 per cent this year and the surge in energy prices over the first half have underpinned record earnings for producers
Meta may sell $8bn to $10bn of debt depending on demand, with proceeds used for general corporate purposes
Last week, Fitch Ratings gave the fund a rating of A
ADNOC said the new entity “intends to closely monitor market conditions and explore potential funding opportunities”