Fitch affirms Arab National

Fitch Ratings said it affirmed Arab National Bank's long-term issuer default rating at A and short-term issuer default rating at F1.

The outlook is stable.

The ratings reflect its large domestic franchise, comfortable liquidity and well controlled market risks, Fitch said.

They also reflect concentrations on both sides of the balance sheet and potential deterioration in asset quality, although from a strong base, the agency said.

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