Outlook On Four Saudi Arabian Banks Revised To Negative After Sovereign Outlook Action; 'A+/A-1' Ratings Affirmed - S&P Global Ratings’ Credit Research

Outlook On Four Saudi Arabian Banks Revised To Negative After Sovereign Outlook Action; 'A+/A-1' Ratings Affirmed

Outlook On Four Saudi Arabian Banks Revised To Negative After Sovereign Outlook Action; 'A+/A-1' Ratings Affirmed - S&P Global Ratings’ Credit Research
Outlook On Four Saudi Arabian Banks Revised To Negative After Sovereign Outlook Action; 'A+/A-1' Ratings Affirmed
Published Feb 18, 2015
Published Feb 18, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

OVERVIEW On Feb. 9, 2015, we revised our outlook on Saudi Arabia to negative from stable and affirmed the 'AA-/A-1+' sovereign credit ratings. We view Al Rajhi Bank, The National Commercial Bank (NCB), Riyad Bank, and Samba Financial Group as highly systemically important and Saudi Arabia as highly supportive toward the domestic banking system. A downgrade of Saudi Arabia would lead us to revise our assessment of extraordinary government support for these banks in line with our criteria. Therefore, we are revising our outlooks on Al Rajhi, NCB, Riyad, and Samba to negative from stable and affirming our 'A+/A-1' ratings on these banks. The negative outlooks on the four banks mirror that on the sovereign rating. PARIS (Standard&Poor's)

  
Report Type:

Ratings Action

Ticker
RJHI@AB
Issuer
Al Rajhi Bank
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Saudi Arabia
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Outlook On Four Saudi Arabian Banks Revised To Negative After Sovereign Outlook Action; 'A+/A-1' Ratings Affirmed" Feb 18, 2015. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-Four-Saudi-Arabian-Banks-Revised-To-Negative-After-Sovereign-Outlook-Action-A-A-1-Ratings-Affirmed-1384580>
  
APA:
S&P Global Ratings’ Credit Research. (). Outlook On Four Saudi Arabian Banks Revised To Negative After Sovereign Outlook Action; 'A+/A-1' Ratings Affirmed Feb 18, 2015. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-Four-Saudi-Arabian-Banks-Revised-To-Negative-After-Sovereign-Outlook-Action-A-A-1-Ratings-Affirmed-1384580>
  
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