VOL. XLIII

No. 28

10-July-2000

SAUDI ARABIA

Capital Intelligence Upgrades Domestic Strength Rating Of Riyad Bank...

Cyprus-based ratings agency Capital Intelligence (CI) announced on 5 July that it had upgraded the domestic strength rating of Riyad Bank in Saudi Arabia one notch from A to A+. The banks long-term foreign currency rating, raised in December 1999 when the agency raised the sovereign ceiling of the country, remains unchanged at A-. The banks short-term foreign currency rating also...