Browsing Tag
Fitch
3 posts
Fitch affirms ratings of 4 Saudi banks with Stable outlook
Tadawul trading screen Fitch Ratings affirmed the Long-Term Issuer Default Ratings (IDRs) of Saudi National Bank (SNB) and Al Rajhi Bank at A-, as well as Saudi British Bank (SABB) and Riyad Bank at 'BBB+' with Stable outlook. In a recent report, the agency stated that SNB rating is underpinned by a strong company profile supporting well-diversified and resilient earnings, strong…
Fitch upgrades Saudi Electricity to ‘A’; stable outlook
Saudi Electricity Co.'s building Fitch Ratings upgraded Saudi Electricity Co.'s (SEC) long-term issuer default rating (IDR) and senior unsecured rating to 'A' from 'A-', with stable outlook. The revised standalone credit profile (SCP) reflects the timely implementation of the sector reforms, announced in November 2020, Saudi Press Agency reported. The telco's SCP eflects its…
Fitch warns foreign travel ban threatens Hong Kong’s business status
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