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FINANCIAL NEWS
S&P upgrades Saudi rating
08 May 2012
(MENAFN) Standard & Poor’s Ratings Services, in a sign of confidence in the Saudi market, set the Kingdom’s long and short term foreign and local currency sovereign credit ratings to AA-/A-1+, reported Arab News.
In addition, the world renowned rating agency declared the stability of Saudi transfer & convertibility assessment at AA+.
Analysts found the upgrading very promising for Saudi Arabia, as major economies are being taken aback by downgrades from both S&P and its rival, Moody’s.
More News
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
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