Fitch affirms Banque Saudi

Fitch Ratings said it affirmed Banque Saudi Fransi's long-term issuer default rating at A and short-term issuer default rating at F1.

The outlook is stable.

The affirmation reflects the bank's strong corporate franchise and sound financials, Fitch said.

These include strong profitability, sound asset quality, good cost control and reasonable liquidity and capital, the agency said.

The ratings also consider its high loan and deposit concentrations, Fitch said.

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