VOL. XLI
No. 45
9-November-1998
SAUDI ARABIA
Moodys Revises Three Saudi Banks FSRs
The US ratings agency, Moodys Investors Service announced on 3November that it had revised the financial strength ratings (FSRs) of Saudi American Bank,National Commercial Bank and Saudi Hollandi bank, reflecting the "economicslowdown" in Saudi Arabia, as follows:
Saudi American Bank: stable outlook on FSR of C+ changed to negative;
National Commercial Bank: positive outlook on FSR of D+ changed tostable;
Saudi...
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