Riyad Bank’s Ratings Affirmed

Ref: SA 008 20 CRA00- 01 3 June 20 2 1

Riyad Bank’s Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long -Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Riyad Bank (RB) at ‘A+’ and ‘A1’ , respectively . The Outlook for the LT FCR is Negative. At the same time, CI Ratings has affirmed RB ’s B ank S tandalone R ating (BSR) of ‘bbb + ’ with a Stable Outlook, C ore Financial Strength (CFS) rating of ‘bbb + ’ , and E xtraordinary Support Level (ES L ) of High .

The Bank’s LT FCR is set three notches above the BSR to reflect the high likelihood of timely and sufficient extraordinary support from the government in case of need (KSA sovereign ratings: ‘A+’/‘A1’/Negative). The Saudi banks are considered domestically important banks (D-SIBs) that play an important role in building and…