VOL. XLIV

No. 07

12-February-2001

SAUDI ARABIA

Moodys Reports Stable Outlook ForSaudi Arabian Banks

Moodys Investors Service on 2February confirmed a stable outlook for the Saudi Arabian banking industry withan average D+ financial strength rating. The banks Baa3/Prime-3 ratings forforeign currency bank deposits carry a positive outlook. According to theagencys press release, the Saudi Arabian banking industry enjoys a goodfinancial position and strong franchise. These conclusions were part of...