Fitch pulls Samba ratings

Fitch Ratings said it withdrew Samba Financial Group’s ratings following its merger with the Saudi National Bank.

“Ratings for senior unsecured notes issued by Samba Funding Ltd. were aligned with SNB's IDRs as the bank now acts as obligor under the program. Samba Funding Limited's debt will be transferred to SNB,” Fitch said in a press release.

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