https://arab.news/cgxzm
- These ratings follow a similar action on 抖阴短视频鈥檚 sovereign rating on 15 July 2021 that was attributed to better fiscal management and an increase in oil prices
RIYADH: Ratings agency Fitch has revised six Saudi banks鈥� 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 - 抖阴短视频 (GIB SA).
These ratings follow a similar action on 抖阴短视频鈥檚 sovereign rating on 15 July 2021 that was attributed to better fiscal management and an increase in oil prices.
鈥淔itch鈥檚 assessment considers the authorities鈥� strong ability to support the banking system, given large, albeit reduced from their historical levels, external reserves,鈥� Fitch said in the statement.
鈥淚t also reflects a long record of support for Saudi banks, irrespective of their size, franchise, funding structure and level of government ownership.鈥�