Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

SAUDI ARABIA

Saudi Arabia Foreign Currency Outlook Raised To Positive, Says S&P

Standard & Poor's (S&P) on 5 January revised Saudi Arabias foreign currency outlook to positive from stable. The A long-term foreign currency, A+ long-term local currency, and A-1 short-term sovereign credit ratings were affirmed. The local currency outlook remains stable. This revision reflects the governments strengthened external financial...