S&P affirms Riyad Bank’s A+ rating with stable outlook

Standard & Poor's affirmed the rating of Riyad Bank at A+ with a stable outlook, which reflects the bank's strong financial position and robust performance, the agency said.

The bank has continued to maintain its high credit rating, as Fitch had assigned it (in March 2011) an A+ rating for long-term obligations, and F1 for short-term obligations with a stable outlook, said CEO Talal Al-Qudaibi.

The bank also maintained its AA- rating for long-term obligations and A+, for short-term obligations from Capital Intelligence (CI).