VOL. XLII

No 42

18-October-1999

SAUDI ARABIA

Moody痴 Completes Post Merger Samba Review

Moody痴 Investors Service announced on 11 October that ithad completed its review of the financial strength rating (FSR) of the SaudiAmerican Bank (Samba) following its merger with United Saudi Bank (USB). Theagency confirmed the bank痴 unchanged FSR rating at C+. In a statement, Moody痴explained that the decision to leave the rating unchanged results from the lackof "any significant long-term negative effects on...