Middle East Economic Survey

VOL. LII

No 50

14-Dec-2009

REGIONAL

S&P Affirms Stable Outlook For Arab Bank Group

Standard & Poors (S&P) has affirmed its long-term rating of A- for the Arab Bank Group as well as its stable outlook. The rating reflects Arab Banks superior geographic diversification, robust capitalization, strong liquidity and solid track record of good asset quality, the ratings agency said. The groups total assets stood at $49.6bn in September, S&P said, with total...