Fitch: Saudi British Bank view to stable

Fitch Ratings said it revised the outlook on Saudi British Bank's long-term issuer default rating to stable from negative and affirmed the rating at A-.

The agency also affirmed the bank's viability rating at a- and support rating floor at BBB+.

Fitch said the outlook revision reflects its view that while the bank's operating environment remains challenging, the pressures of 2016 have eased significantly, not least liquidity.

The agency expects asset quality and earnings growth to remain under pressure, but not significantly enough to justify a negative outlook.

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