VOL. XLVII
No 18
03-May-2004
RATINGS
S&P Affirms Saudi Arabias Ratings
Ratings agency Standard & Poors (S&P) on 23 April affirmed its A/A-1 foreign currency and A+/A-1 local currency sovereign credit ratings and stable outlook on Saudi Arabia. According to S&Ps credit analyst, Ala'a Al-Yousuf, the ratings reflect the consolidated general governments favorable balance and net asset position, and strong external liquidity. The general governments balance shows surpluses estimated at...
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