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Article: SAUDI ARABIA: MOODY'S UPGRADES KEY RATINGS TO A3 ON THE BASIS OF ROBUST CREDIT INDICATORS.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- November 15, 2005
CopyrightCOPYRIGHT 2005 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Moody's Investors Service has upgraded Saudi Arabia's foreign-currency ratings to A3 from Baa2 to reflect higher oil revenues, a willingness to make some structural changes that strengthen long-term creditworthiness, and a greater economic openness that can only be encouraged by the kingdom's accession to the World Trade Organization (WTO), announced just recently. The new A3 ratings cover foreign-currency government bonds and foreign-currency bank deposits. The local-currency government bond rating was also raised to A3 from Baa1. The short-term foreign currency country ceilings for securities and bank deposits were affirmed at P-2. The local currency guideline of ...
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Article: SAUDI ARABIA: MOODY'S REPORTS: SAUDI BANKS ...
IPR Strategic Business Information Database;
August 4, 2008 ;
700+ words
... ... economic performance, says Moody's Investors Service ... Outlook' report for Saudi Arabia. This outlook expresses ... Saudi banking system, Moody's has also published ... Profile' report for Saudi Arabia. The Profile forms ... designed to complement Moody's Banking System Outlook ...
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