VOL. XLII
No. 03
18-January-1999
SAUDI ARABIA
And Assigns Ba1 Rating To Saudi Domestic Bonds
Moodys announced on 12 January that it had assigned a Ba1 rating to the domestic bonds issued by Saudi Arabia. The below investment grade rating, according to Moodys, reflects concerns over the size of the governments outstanding debt, the growth thereof and indications of further accumulation in the near-term. Although the government has not yet defaulted on its debt obligations to banks, it has...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!