VOL. XLIII
No. 31
30-July-2000
SAUDI ARABIA
Moodys Revises Riyad Banks Financial Strength Rating
Moodys has raised Riyad Banks financial strength rating from D to D+, according to a press statement from the ratings agency on 24 July, while keeping the Saudi banks deposit ratings unchanged at the Baa3/Prime-3 country ceiling for foreign currency deposits. Moodys said that the rating upgrade reflected the improvements made over the last few years in the banks asset quality, the upgrading of its...
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