Middle East Economic Survey
Moodys Assigns Aa3 Senior Ratings To BSFs $2Bn EMTN Program
Moodys Investors Service assigned ratings to the $2bn euro medium-term note program (EMTN) of Banque Saudi Fransi (BSF) on 29 March. Senior unsecured and subordinated notes issued under this program would be rated at Aa3 and A1, respectively. Moodys also expects to assign an Aa3 rating to BSFs first $650mn senior unsecured drawdown under the program. The definitive...