Outlook on Six Saudi Bank LT FCRs Revised to Positive Following Similar Sovereign Action

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Long-Term Foreign Currency Rating (LT FCR) of six Saudi Arabian banks to Positive from Stable. At the same time, the six banks' LT FCRs, Short-Term Foreign Currency Ratings (ST FCRs) and Bank Standalone Ratings (BSRs) have been affirmed at their current levels, with each bank continuing to display generally solid financial fundamentals.

Attachments

• Rating Announcement (CRA)
  PDF Download Available