Middle East Economic Survey
VOL. LIV
No 47
21-Nov-2011
SAUDI ARABIA
Saudi Banking Sector Among Safest Globally, Safest In Middle East, Says S&P
The Saudi Arabian banking system is amongst the safest in the world, Standard & Poors Ratings Services (S&P) said in its latest banking assessment, released on 9 November. This followed S&Ps upgrading of its Banking Industry Country Risk Assessment (BICRA) rating from 3 to 2 making it the Middle Easts lowest-risk banking sector....
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