Saudi EXIM Bank secures ‘A+’ credit rating from Fitch, boosting non-oil export growth

The Saudi Export-Import Bank has received its first-ever ranking from Fitch, securing an “A+” Long-Term Issuer Default Rating in foreign and local currencies, with a stable outlook.  The agency also assigned the bank a Short-Term IDR of “F1+, “reflecting strong confidence in its financial stability and government-backed role. Fitch highlighted…