Moody’s to open office in Saudi Arabia in 2018

Moody’s Investors Service plans to open an office in Saudi Arabia “sometime next year,” after it was granted a license last month by the Capital Market Authority (CMA) to conduct credit rating activities in the Kingdom, a spokesperson told Argaam.

The ratings agency denied previous media reports that it plans on opening its office in February, noting that the process of establishing its office is still ongoing and no specific date has been decided yet.