Fitch affirms Al Rajhi at 'A+'; Outlook Stable
Fitch Ratings has put Al Rajhi Bank's Long-term Issuer Default Rating (IDR) at 'A+' with a Stable Outlook and its Viability Rating at 'a'.
The affirmation of the Viability Rating shows Al Rajhi's strong profitability, stable asset quality and large retail deposit base, whilst also taking into account some name concentration within the corporate loan portfolio in line with other Saudi banks.
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