Middle East Economic Survey
Moodys Lifts Saudi Foreign Currency Ratings To A3
Moodys on 14 November upgraded Saudi Arabias foreign currency ratings to A3 from Baa2. The new A3 ratings cover foreign currency government bonds and foreign currency bank deposits. The local currency government bond rating was also raised to A3 from Baa1, while the short-term foreign currency country ceilings for securities and bank deposits were affirmed at P-2. The local...