Moody's assigns A1 ratings to Saudi Telecom Company
Moody's Investors Service assigned A1 long term local and foreign currency issuer ratings to Saudi Telecom Company, the integrated provider of telecommunications services which is 70% owned by the government of Saudi Arabia, with around 10% held by related bodies.
Fitch Ratings has affirmed 11 Saudi Arabian banks as part of a peer review of the Saudi banking sector.