S&P revises Arab Banking view to stable

S&P said it revised its outlook on Arab Banking Corp. BSC to stable from negative and affirmed its BBB-/A-3 long- and short-term issuer credit ratings on the bank.

“We revised our outlook to stable primarily because of the resilience of ABC's credit profile to the challenges of operating in countries with high economic and banking industry risks, including the Middle East and North Africa (MENA) and Brazil,” S&P said in a news release.

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