VOL. XLNo. 1117-March-1997SAUDI ARABIAS&P Issues PI Ratings On Saudi BanksSix Saudi banks have been rated on a Public Information Basis (PI) by themajor US agency Standard and Poor's (S&P). S&P has assessed fiveof the banks - Saudi American (Samba), Saudi British, al-Bank al-Saudial-Fransi, Riyad Bank and Arab National Bank - at investment grade (BBBpi)and the sixth - National Commercial Bank (NCB) - as just below investmentgrade (BBpi). The agency said that it was considering...