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...