Moody's Confirms Al Rajhi Bank's Ratings on Strong Government Support

11:13 AM EDT, 09/23/2026 (MT Newswires) -- Moody's on Wednesday affirmed Al Rajhi Bank's (SASE:1120) Aa3/P-1 long- and short-term bank deposit ratings. The Aa3 ratings reflect Moody's three-notch rating uplift on the lender based on a "very high" likelihood of support from the Saudi Arabian government given its high systemic importance. The rating agency also kept the outlook on Al Rajhi Bank's long-term deposit ratings at stable, citing expectations that the company will maintain strong credit fundamentals as well as robust profitability and capitalization.