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In "BUSINESS"
JEDDAH —Moody’s has affirmed the local and foreign currency deposit ratings of Saudi British Bank (SABB) at A1/P-1 and those of Alawwal Bank (Alawwal) at A3/P-2. At the same time, Moody’s has also affirmed the baseline credit assessment (BCA), adjusted BCA, Counterparty Risk Assessment and Counterparty Risk Rating of SABB at a3, a3, A1(cr)/P-1(cr), and A1/ P-1, respectively, and those of Alawwal at baa2, baa2, A2(cr)/P-1(cr), and A2/ P-1, respectively. The outlook on Alawwal’s long-term deposit ratings was changed to positive, from stable, while the outlook on SABB’s long-term deposit ratings was maintained at stable.The rating action last Wednesday follows the official public announcement on Oct. 4, 2018 that the banks have entered into a binding merger agreement. The merger...
October 13, 2018
Moody’s affirms ratings
of SABB, Alawwal Bank
October 13, 2018
Egyptian banking system outlook raised to positive
October 13, 2018
Overcoming huge skills gap in oil and gas
industry as bulk of workforce near retirement
October 13, 2018
Gulf capitalists urged
to pursue US Investor
Program to help create
employment in America
October 13, 2018
Middle East commercial security
market to rise to $16.4bn by 2024
October 13, 2018
First edition of Beautyworld
Saudi Arabia 2018 kicks off
October 13, 2018
Bahrain Tech Week gathers Gulf innovators and global experts
October 13, 2018
Sika expands operations in UAE
October 13, 2018
Red Sea Mall contributes towards growth
of society and Saudization of jobs
October 13, 2018
BCG honors graduates of
Business Analyst Program
