Middle East Economic Survey

VOL. XLVII

No 33

16-August-2004

RATINGS

CI Raises Saudi Sovereign Ratings To A/A1

Ratings agency Capital Intelligence (CI) on 10 August raised Saudi Arabias long-term foreign currency rating to A from A- and its short-term foreign-currency rating to A1 from A2. The agency also assigned the kingdom a long-term local currency rating of A and a short-term local currency rating of A1 to the sovereign. The outlook is stable. Rival ratings agency S&P affirmed its ratings...