Middle East Economic Survey

VOL. LIII

No 3

18-Jan-2010

SAUDI ARABIA

Fitch Affirms Saudi Long Term Local And Foreign Currency IDRs

Fitch Ratings on 13 January affirmed Saudi Arabias long term local and foreign currency issuer default ratings (IDRs) at 'AA-', both with stable outlooks. The country ceiling is affirmed at 'AA' and the short term foreign currency IDR at 'F1+'. Charles Seville, Director in Fitchs Sovereign team, said: Saudi Arabias strengths have come to the fore amid the global slowdown...