LONDON (S&P Global Ratings) May 6, 2020--Following a recent review of the Banking Industry Country Risk Assessment (BICRA) for Saudi Arabia, S&P Global Ratings has confirmed the group classification for the Saudi Arabia BICRA remains unchanged at '4', and the economic risk and industry risk scores remain unchanged at '5' and '3', respectively. In addition, we continue to see stable trends for both economic risk and industry risk. No ratings were affected by this review. Of the factors contributing to our assessment of industry risk, we have revised downward our assessment of the institutional framework to intermediate risk from low risk. We now view Saudi Arabia's regulatory framework as comparable with that of peers, having previously considered it more conservative
