VOL. XLI

No. 38

21-September-1998

SAUDI ARABIA

S&P Assign Rating To Saudi Hollandi Bank And Affirm Six Others

Standard & Poor's (S&P) rating agency assigned its BBBpi counterparty creditrating to Saudi Hollandi Bank on 15 September. According to an S&P statement, therating reflects the bank's "improved earnings, relatively sound asset quality and theon-going relationship with ABN-Amro," which provides the bank with technicalassistance. The agency also attributed the rating to...