VOL. XLI
No. 31
3-August-1998
SAUDI ARABIA
Moodys Upgrades Riyad Banks Financial Strength Rating
Moodys Investors Services has upgraded to D the Saudi-based RiyadBank for its financial strength following improvements in the banks franchise andproduct lines, senior management and asset quality. Although the banks financialindicators are "already consistent with a rating higher than D" SaudiArabias economic slowdown and the need for "further consolidation of recentstrategic and managerial...
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