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9 months ago
BRIEF-Moody's - Reduced project pipeline and rising indebtedness in the Saudi construction sector pose risks for banks
October 18, 2016 / 3:32 AM / 9 months ago

BRIEF-Moody's - Reduced project pipeline and rising indebtedness in the Saudi construction sector pose risks for banks

1 Min Read

Oct 17 (Reuters) - Moody's:

* Moody's - Reduced project pipeline and rising indebtedness in the saudi construction sector pose risks for banks

* Moody's - Rising challenges in saudi construction sector will lead to rising nonperforming loans(npls),higher provisioning costs for country's banks

* Moody's on Saudi banks - Expect the magnitude of the asset quality deterioration to be within the banks' profit margins

* Moody's on Saudi banks - Banks' high capital buffers can absorb a material stress from downside scenarios in the building and construction sector.

Source text - bit.ly/2dnHTii

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