Middle East Economic Survey
S&P Assigns A-/A-2 Ratings To Saudi Arabias National Commercial Bank
Standard & Poor's (S&P) announced on 31 May it had assigned its A-/A-2 long- and short-term counterparty credit and certificate of deposit ratings to Saudi Arabias National Commercial Bank (NCB). The outlook is stable. The ratings reflect NCBs majority ownership by Saudi government entities, leading commercial position, and rapid recovery in both...