Moody’s granted license to conduct rating activities in Saudi Arabia
Saudi Arabia’s Capital Market Authority (CMA) has authorised Moody’s Investors Service to conduct credit rating activities in the kingdom. Moody’s said it looks forward to deepening its role in Saudi Arabia’s debt capital markets, including through the establishment of an office in Riyadh.
“Given the Kingdom’s increasing prominence in the debt capital markets, we look forward to building on our two decades of experience in the region, and continuing to provide insightful, transparent and predictive credit ratings,” said Monica Merli, Moody’s managing director – regional head for Europe, Middle East and Africa (EMEA).
“Establishing an office in Riyadh demonstrates our continued commitment to the development of the debt capital market in the kingdom,” said Jehad el Nakla, general manager - Moody’s Investors Service Middle East.