Fitch lifts six Saudi banks outlooks to stable from negative
- Date: 29-Jul-2021
- Source: Salaam Gateway
- Sector:Financial Services
- Country:Saudi Arabia
Fitch lifts six Saudi banks outlooks to stable from negative
Published 27 Jul,2021 via Arab News - Economy RIYADH - Ratings agency Fitch has revised six Saudi banks' credit outlooks to stable from negative and affirmed their international ratings at BBB+.
The banks are Arab National Bank (ANB), Banque Saudi Fransi (BSF), Alinma bank (Alinma), Saudi Investment Bank (SAIB), Bank Aljazira (BAJ) and Gulf International Bank - Saudi Arabia (GIB SA).
These ratings follow a similar action on Saudi Arabia's sovereign rating on 15 July 2021 that was attributed to better fiscal management and an increase in oil prices.
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