VOL. XXXIX

No. 40

1-July-1996

SAUDI ARABIA

Moody's Publishes Ratings On Four Saudi Banks

Four Saudi Arabian banks have received first time ratings from the US ratings agency Moody's Investor Services. Although the agency had placed the lowest cap on deposits of any of the GCC states to receive investment grade ratings - Baa3 on long term deposits and Prime-3 on short term deposits (MEES, 5 February) - the banks have fared relatively well in terms of their bank financial strength ratings...