VOL. XLV

No 40

7-October-2002

SAUDI ARABIA

Moody痴 Moves Outlook For Arab National Bank From Stable To Positive

Ratingsagency Moody痴 has changed the outlook for Saudi-based Arab National Bank痴 D+financial strength rating from stable to positive. The bank痴 foreign currencydeposit ratings remain unchanged at the Baa3/Prime-3 country ceiling with a positiveoutlook. According to Moody痴, the improvement in outlook reflects ANB痴 strengthening franchise and financial condition. ANBhas become a more...