gulfnews : Saudi outlook stable — Moody’s

International credit rating agency Moody's Investor Services yesterday assigned a stable outlook to the Saudi banking system.

The outlook expresses the agency's expectations for the fundamental credit conditions in the Saudi Arabian banking system over the next 12-18 months.

"The outlook for the Saudi Arabian banking system remains stable based on the country's benign operating environment, the expected decline in problem loan levels, as well as Saudi banks' supportive capital, profitability and liquidity attributes," Moody's said in a report.

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