VOL. XLIII

No. 10

6-March-2000

SAUDI ARABIA

CI Raises Long-Term Foreign Currency Rating Of Saudi Arabias NCB

Ratings agency Capital Intelligence (CI) announced on 22 February that it had raised the long-term foreign currency rating of Saudi Arabias National Commercial Bank (NCB) from BBB+ to A- in line with the earlier lifting of the countrys long-term sovereign ceiling from BBB+ to A- (MEES, 17 January). Saudi Arabias sovereign ceiling was altered due to the on-going process of structural reform...