Middle East Economic Survey

VOL. LII

No 40

5-Oct-2009

SAUDI ARABIA

Credit Conditions In The Saudi Banking System Are Stable, Says Moodys

The fundamental credit outlook for the Saudi banking system is stable, reflecting the sector's resilience and its ability so far to absorb the adverse effects of the global financial crisis and deteriorating macroeconomic conditions, says Moodys Investors Service in its new Banking System Outlook on Saudi Arabia. The agency believes that the banking sector will...