VOL. XLIV

No. 21

21-May-2001

SAUDI ARABIA

Moodys Adjusts Some Saudi Bank Ratings

Moodys Investors Service announced on 15 May that it had adjusted its financial strength ratings (FSR) for some Saudi Arabian banks to reflect the expanded FSR scale (from 9 to 13 levels) created by the introduction of minus-sign modifiers and revised definitions. The FSRs affected by the move are as follows:

al-Rajhi Banking and Investment Corporation: FSR adjusted to D+ with stable outlook from D with stable...