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Fitch Keeps Saudi Awwal Bank Ratings Unchanged

MT Newswires·12/08/2025 09:57:24
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09:57 AM EST, 12/08/2025 (MT Newswires) -- Fitch affirmed Saudi Awwal Bank's (SASE:1060) A- long-term issuer default ratings, with a stable outlook, mainly driven by expectations of the Saudi Arabian government's "strong ability and willingness" to support local banks. The rating agency said Monday its affirmation also reflects the lender's viability rating, adequate capitalization, strengthened business profile, sound funding and liquidity, and continued improvement in asset quality metrics, among other factors.