...Structural maturity mismatches. Outlook : Stable Standard & Poor's Ratings Services' stable outlook on Al Rajhi Bank (ARB) reflects our view that the bank's financial profile will remain resilient over the next 12-24 months. A downgrade of ARB appears remote in the next 12-24 months, because it would follow a simultaneous downgrade of Saudi Arabia and our downward revision of our assessment of the bank's stand-alone credit profile (SACP). We could consider lowering the SACP if we saw a further increase in economic risks in Saudi Arabia; or a visible decline in the bank's capitalization, with the risk-adjusted capital (RAC) ratio dropping below 10%; or the bank posted higher credit losses than peers. An upgrade also appears unlikely in the next 12-24 months. A positive rating action would rely on ARB significantly strengthening its capitalization, with a RAC ratio durably exceeding 15%....
