Tuesday 08, September 2009 by
Saudi Hollandi downgraded by CI
Capital Intelligence (CI) said it has lowered the financial strength rating of Saudi Arabia’s Saudi Hollandi Bank (SHB) from A to A-. The long-term foreign currency rating of A and the short-term foreign currency rating of A2 are unchanged, as is SHB’s support rating of 2; a ‘Stable’ outlook is assigned to both the Foreign Currency and Financial Strength Ratings.
