Moody's affirms Saudi British Bank

Moody's Investors Service said it confirmed the Aa3 long-term deposit ratings and the C+ standalone bank financial strength of Saudi British Bank.

The outlook is stable.

Moody's said its decision to confirm the ratings of Saudi British Bank at their current level was driven by the rating agency's observation of some recent improvement in the bank's asset quality and profitability metrics, which are now more consistent with global and regional peers that have the same standalone credit strength.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.