Ratings On Six Saudi Banks Affirmed Under Revised FI Criteria; Outlooks Unchanged - S&P Global Ratings’ Credit Research

Ratings On Six Saudi Banks Affirmed Under Revised FI Criteria; Outlooks Unchanged

Ratings On Six Saudi Banks Affirmed Under Revised FI Criteria; Outlooks Unchanged - S&P Global Ratings’ Credit Research
Ratings On Six Saudi Banks Affirmed Under Revised FI Criteria; Outlooks Unchanged
Published Jan 20, 2022
11 pages (3687 words) — Published Jan 20, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We have reviewed our ratings on six Saudi financial institutions under our revised "Financial Institutions Rating Methodology." We have affirmed the ratings and the outlooks on these institutions. MOSCOW (S&P Global Ratings) Jan. 20, 2022--S&P Global Ratings today said that it has affirmed its issuer credit and issue credit ratings on six Saudi Arabian financial institutions. The affirmations follow a revision of our criteria for rating banks and nonbank financial institutions (see related criteria). Ratings affirmed: Al Rajhi Bank (BBB+/Positive/A-2). Arab National Bank (BBB+/Stable/A-2). Banque Saudi Fransi (BBB+/Stable/A-2). Riyad Bank (BBB+/Stable/A-2). The Saudi Investment Bank (BBB/Stable/A-2). Saudi National Bank (A-/Stable/A-2). In our view, the Saudi economy will continue its rebound over 2022, supported by higher oil prices and recovery of

  
Brief Excerpt:

...January 20, 2022 - We have reviewed our ratings on six Saudi financial institutions under our revised "Financial Institutions Rating Methodology." - We have affirmed the ratings and the outlooks on these institutions. MOSCOW (S&P Global Ratings) Jan. 20, 2022--S&P Global Ratings today said that it has affirmed its issuer credit and issue credit ratings on six Saudi Arabian financial institutions. The affirmations follow a revision of our criteria for rating banks and nonbank financial institutions (see related criteria). Ratings affirmed: - Al Rajhi Bank (###+/Positive/A-2). - Arab National Bank (###+/Stable/A-2). - Banque Saudi Fransi (###+/Stable/A-2). - Riyad Bank (###+/Stable/A-2). - The Saudi Investment Bank (###/Stable/A-2). - Saudi National Bank (A-/Stable/A-2). In our view, the Saudi economy will continue its rebound over 2022, supported by higher oil prices and recovery of production volumes. The non-oil economy will likely benefit from Vision-2030 projects and related spending....

  
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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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On Six Saudi Banks Affirmed Under Revised FI Criteria; Outlooks Unchanged" Jan 20, 2022. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Six-Saudi-Banks-Affirmed-Under-Revised-FI-Criteria-Outlooks-Unchanged-2783166>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Six Saudi Banks Affirmed Under Revised FI Criteria; Outlooks Unchanged Jan 20, 2022. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Six-Saudi-Banks-Affirmed-Under-Revised-FI-Criteria-Outlooks-Unchanged-2783166>
  
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