Fitch upgrades five Saudi banks

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Sunday 13, July 2008 by

Fitch upgrades five Saudi banks

Fitch Ratings has upgraded the long-term Issuer Default Ratings (IDR) of five Saudi banks. This follows the upgrade of Saudi Arabia's long-term local and foreign currency Issuer Default ratings (IDRs) to AA- from A+ on 9 July, with stable outlook.

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