Moody's rates Arab National Bank A1

Moody's Investors Service said it assigned A1 long-term and prime-1 short-term global local-currency deposit ratings with a stable outlook to Arab National Bank, and affirmed its C- financial strength rating with stable outlook and A2/prime-1 foreign currency deposits.

Moody's said the ratings reflect both the bank's intrinsic financial strength and relative importance to Saudi Arabia's domestic financial system (with a 9% market share of total assets) and the likelihood of potential support from the authorities in case of need.

© 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.