Ratings group S&P launches operations in Riyadh:
"S&P Global Ratings has opened an office in Riyadh amid expectations financial reform in Saudi Arabia will jumpstart activity in its debt markets. The New York-headquartered company claims to be the first international credit agency to be licenced to conduct credit ratings activity in the kingdom. S&P said its “entry into Saudi Arabia comes at a time of unprecedented economic and social reform, as the Kingdom’s leadership seeks to implement Saudi Vision 2030″. The 2030 plan is the hallmark initiative of Mohammed bin Salman, the heir to the kingdom’s throne who is hoping to overhaul Saudi Arabia’s oil-dependent economy."
'via Blog this'
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