S&P affirms SABB?s high rating

RIYADH. May 6. KAZINFORM Standard & Poor?s (S&P), one of the world?s leading international credit rating agencies, has affirmed its strong rating of The Saudi British Bank (SABB); Kazinform refers to the Arab News.
None
None
In a detailed report, S&P retains its rating of SABB as ?A/Stable/A-1? and states: ?The ratings .... reflect its strong and resilient financial performance, 40 percent ownership by HSBC Holdings, strong asset quality and adequate capitalization. ?A flexible and innovative player ? but also an aggressive competitor ? SABB delivers customers high quality products and services?; Kazinform cites the Arab News. See www.arabnews.com for full version
Currently reading