VOL.XXXIXNo.65/66

23/30-December-1996SAUDI ARABIA

Moody'sCompletes Ratings Of Saudi BanksThe US ratings agency Moody's Investors Service has released first-time ratingson a further five Saudi banks and in the process completed its sweep of alltwelve institutions within the Saudi banking sector. As with the earlierratings, all the banks in this batch receive investment grade ratings for theirdeposits (Baa3/Prime-3, the sovereign ceiling for Saudi Arabia), but the BankFinancial Strength...