Middle East Economic Survey
S&P Assigns Saudi British Bank A-/A-2 Ratings
Standard & Poor's (S&P) announced on 1 February that it had assigned its A- long-term and A-2 short-term counterparty credit ratings to the Saudi British Bank (SABB). The outlook is stable. The ratings reflect SABB's stable and strong financial performance, solid asset quality, and its 40% ownership by the HSBC group. Offsetting these positive factors are high...