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Fitch Downgrades 7 Saudi Arabian Banks; Revises Outlook of 4 Others to Negative
Fitch Ratings has downgraded the Long Term Issuer Default Ratings of seven Saudi Arabian banks. The affected banks are Al Rajhi Bank, National Commercial Bank, Riyad Bank, SAMBA Financial Group, Saudi British Bank, Banque Saudi Fransi and Arab National Bank. At the same time Fitch has revised the Outlooks on…
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Click here to read the full story: Reuters