VOL. XLIII

No. 05

31-January-2000

SAUDI ARABIA

S&P Rates Al-Rajhi... As Does Thomson Financial BankWatch

US ratings agency Standard and Poors (S&P) announced on 25 January that it had assigned a first rating of triple-B-pi (public information) counterparty credit to the Saudi Islamic bank, Al Rajhi Banking and Investment Corporation, the kingdoms fourth largest bank. According to a statement issued by the agency, the rating reflects Al Rajhis healthy customer franchise and strong...