Middle East Economic Survey
VOL. LII
No 23
8-Jun-2009
SAUDI ARABIA
S&P Revises SAIB Outlook To Negative On Potential Financial Deterioration
Standard & Poors Ratings Services (S&P) announced on 2 June that it has revised its outlook on the Saudi Investment Bank (SAIB) to negative from stable, while affirming the A- long-term and A-2 short-term counterparty credit ratings on the bank. The outlook revision mainly reflects a weakening in the banks profitability as well as potential...
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