Rating agency Fitch has obtained a license to operate in Saudi Arabia, the country’s capital markets regulator said on Monday, as the kingdom tries to bolster its debt market.
The Capital Market Authority (CMA) said in a statement it has licensed Fitch Australia Pty Ltd to conduct credit rating activities in the country.
In late 2016, CMA approved a license for Standard & Poor’s, which became the first foreign credit agency to obtain such permission.
Also Read
-
Saudi receives AA- credit rating from Fitch
The ratings agency Fitch has confirmed Saudi’s credit rating at AA-, with a negative outlook. The agency identified a number of risks including ... Economy -
Saudi banks’ liquidity comfortable in spite of outflows, says Fitch
Ability to withstand such a presure demonstrates that their liquidity positions, at least in the short term, are resilient Banking & Finance -
Fitch cuts Turkey debt outlook after coup attempt
Deputy Prime Minister Mehmet Simsek welcomes retaining credit rating at BBB- as 'phenomenal' Economy -
KSA sovereign credit rating high
The announcement follows a similar announcement early last month by Fitch International credit rating Economy
