Middle East Economic Survey
VOL. LII
No 33
17-Aug-2009
SAUDI ARABIA
S&P Affirms Saudi Arabias Sovereign Ratings, With Stable Outlook
Standard & Poors Ratings Services (S&P) on 7 August said it had affirmed its AA- long term and A-1+ short term foreign and local currency sovereign credit ratings on Saudi Arabia with a stable outlook. The transfer and convertibility assessment on Saudi Arabia remains AA+. The stable outlook reflects Saudi Arabias exceptionally strong balance sheet and the...
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