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S&P Raises Saudi Arabia Outlook to Positive

Published: 29/05/2013 07:24:12 PM GMT
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Saudi Arabia's credit rating outlook was raised to positive  from stable  by Standard & Poor's because of an improved outlook for growth in th (more)

Saudi Arabia's credit rating outlook was raised to "positive" from "stable" by Standard & Poor's because of an improved outlook for growth in the Arab world's biggest economy.

Saudi Arabia's AA- rating, the fourth-highest investment grade, may be raised in the next 24 months if economic growth "remains strong," the rating company said in a statement. It was the first change in the country's outlook by S&P since 2007.

"Growth fundamentals are strengthening in Saudi Arabia," the rating company said in a statement. "The economy has expanded strongly and steadily."


Sukuk.me Wire External Story From Source: Bloomberg - Read full article here

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