Middle East Economic Survey

VOL. XLVII

No 48

29-November-2004

RATINGS

Fitch Assigns Ratings On Saudi Arabia

The international agency, Fitch Ratings on 24 November assigned Saudi Arabia long-term foreign currency and local currency ratings of A with stable outlook and short-term rating of F1. The agency considers Saudi Arabias fundamental rating strength as emanating from its status as the worlds leading crude oil exporter and the primary beneficiary of higher oil prices. Fitch forecasts that the...