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Saudi British Bank Ratings Reviewed for Downgrade at Moody’s
Saudi British Bank, the lender 40 percent owned by HSBC Holdings Plc, had its ratings placed on review for possible downgrade at Moody’s Investors Service. “The bank’s financial fundamentals and risk positioning — both in absolute and relative terms — are increasingly more aligned with its lower rated peers,” Moody’s…
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Click here to read the full story: Business Week