| | |
| Brief Excerpt: | ...Support Probability: The Long-term Issuer Default Ratings (IDRs) of six of the 11 Fitch-rated Saudi banks are driven by probability of support from the Saudi authorities. This considers the sovereign's strong ability to support given its strong financial flexibility, illustrated by large external buffers and recent record of accessing international debt capital markets. It also considers a high propensity to support domestic banks as shown by the sovereign's strong record of maintaining stability in the financial system. Fitch Ratings views the probability of support for domestic systemically important banks (D-SIBs) as extremely high. Sound Standalone Creditworthiness: Five of the 11 Fitch-rated Saudi banks have their IDRs driven by their standalone creditworthiness. Fitch assesses a bank's standalone creditworthiness through assigning a Viability Rating (VR). For Saudi banks, these range from `a-' to `bb+', with a weighted average of `bbb+' (the highest in the Gulf Cooperation Council).... |
| | |
| Report Type: | |
| Company(ies) | Saudi Awwal Bank
, Arab National Bank
, Riyad Bank SJSC
, Al Rajhi Bank
, Samba Financial Group SJSC
, Saudi National Bank
, Alawwal Bank
, Bank Al-Jazira SJSC
, Banque Saudi Fransi SJSC
, The Saudi Investment Bank SJSC
, Alinma Bank |
| Ticker(s) | 1010 , 1020 , 1030 , 1040 , 1050 , 1060 , 1080 , 1090 , 1120 , 1150 , 1180 |
| Issuer | The Saudi Investment Bank |
| Format: | | PDF |  |
|
| |
