Fitch Raises Saudi National Bank's Ratings on Higher Systemic Importance

10:02 AM EST, 12/08/2025 (MT Newswires) -- Fitch on Monday upgraded the long-term issuer default ratings of Saudi National Bank (SASE:1180) to A from A-, with stable outlooks, on the back of the lender's higher systemic importance than local banking industry peers. The rating agency said the bank's position as the largest in Saudi Arabia, sufficient capitalization, viability rating, sound asset quality, strong growth and high chance of receiving government support are among factors that support the affirmation. The lender's short-term issuer default rating was also raised to F1 from F2.