Middle East Economic Survey
VOL. LIII
No 23
7-Jun-2010
SAUDI ARABIA
S&P Raises Ratings On Three Saudi Banks
Standard & Poors Ratings Services (S&P) on 31 May raised to A+ from A its long term counterparty credit ratings on Saudi Arabias Al Rajhi Bank (ARB) and Samba Financial Group (Samba), and affirmed its A-1 short term counterparty credit ratings. The outlook on both banks is stable. The long term rating includes an uplift of one notch above the banks stand-alone credit profile....
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