VOL. XLIII

No. 20

15-May-2000

SAUDI ARABIA

Capital Intelligence Raises Saudi Hollandi Ratings

Cyprus-based ratings agency Capital Intelligence (CI) announced on 10 May that it had raised the domestic strength rating of Saudi Hollandi Bank of Saudi Arabia from A- to A and the long-term foreign currency rating from BBB+ to A-. Its support rating of 2 and its stable outlook were maintained. According to a statement from the agency, the move reflects the strength of the banks asset quality, "one of...