Fitch affirms National Commercial Bank

Fitch Ratings said it affirmed National Commercial Bank's long-term issuer default rating at A+ and viability rating at A.

The outlook is stable.

The ratings reflect a view that there would be an extremely high probability of support from the Saudi authorities in case of need, Fitch said.

This view is based on the bank's systemic importance, the government's major shareholding and the strong history of support for local banks from the Saudi Monetary Authority, the agency said.

The bank's viability rating reflects its leading domestic franchise and strong financial metrics, Fitch said.

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