In our view, Saudi National Bank (SNB) will continue to benefit from its leading market position in Saudi Arabia, generating stable and predictable earnings. SNB's strong capitalization provides good capital buffers to absorb any unexpected increase in credit losses. We affirmed our 'A-/A-2' ratings on SNB and its debt, as well as our 'gcAAA' GCC regional scale rating and 'ksaAAA' Saudi Arabia national scale rating. The stable outlook reflects our expectations that SNB will maintain solid capitalization while keeping risks associated with lending growth in check. On June 15, 2022, S&P Global Ratings affirmed its 'A-/A-2' long- and short-term issuer credit on Saudi National Bank (SNB) and our issue ratings on its debt. The outlook on the long-term rating is
