Middle East Economic Survey
S&P Assigns Riyad Bank A-/A-2 Ratings
Ratings agency Standard & Poors on 14 June assigned an A- long-term and A-2 short-term counterparty credit ratings on Saudi Arabia-based Riyad Bank its first full interactive rating on a Saudi bank. The outlook is stable. According to S&P credit analyst Emmanuel Volland, the ratings on Riyad Bank reflect the banks strong market position in Saudi Arabia, improved financial...