VOL. XLVI

No 29

21-July-2003

SAUDI ARABIA

RATINGS

S&P Assigns Saudi Arabia A+/A-1 Local Currency Ratings

Ratings agency Standard & Poors (S&P) on 14 July assigned Saudi Arabia an A+ long-term local currency and an A long-term foreign currency sovereign credit rating. At the same time, S&P assigned an A-1 short-term foreign and local currency sovereign credit ratings to the kingdom. The outlook on the long-term ratings is stable. The rating was assigned following a request from the...