VOL. XLI

No. 34

24-August-1998

SAUDI ARABIA

Thomson BankWatch Rates Saudi American Bank And Bank Al-Jazira

The US ratings agency Thomson BankWatch on 20 August assigned debt ratings to SaudiAmerican Bank and Bank al-Jazira, as follows:

Saudi American Bank

Short-Term Local Currency Debt RatingAffirmed at LC-1

Senior Debt RatingAssigned A-

Bankal-Jazira Assigned LC-1

The agency's Vice President, William Hassiepen, said in a statement that Saudi AmericanBank, "continues to generate excellent...