VOL. XLV

No 23

10-June-2002

SAUDI ARABIA

CapitalIntelligence Raises Bank al-Jazira Rating

Ratingsagency Capital Intelligence (CI) saysithas raised both its long-term foreign currency rating and its domestic strengthrating for Bank Al-Jazira (BAJ) of Saudi Arabia. The long-termforeign currency rating was raised from BBB- to BBB, while the short-termforeign currency rating of A3 was maintained. The ratings compare to the sovereignceiling for Saudi Arabia,which has been set at A- long-term and A2...