April 10, 2017 / 12:21 PM / in 8 months

Saudi Arabia allows Fitch to conduct credit rating activities

DUBAI, April 10 (Reuters) - Rating agency Fitch has obtained a licence 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 licenced 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.

Reporting by Hadeel Al Sayegh, editing by Tom Arnold

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below