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...
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