Financial Analytics Rating Agency officially launched

With great pleasure, we announce today the official launch of Financial Analytics Rating Agency, the 1^st  Independent Local Credit Rating Agency Licensed by the Capital Market Authority (CMA) in the Kingdom of Saudi Arabia.

The launch of FA Rating Agency activities today, comes after the CMA approval of our latest Product, ESG Rating. FA Rating Agency provides the whole range of Rating Services, including Issue and Issuer Ratings, such as Corporate, SME, REITS, Banks, Insurance, Mutual Funds, Sukuk, Bonds and Loans. In addition, FA Rating Agency provides new and innovative products such as the newly CMA approved ESG Rating and other Specialized Rating Products in Compliance and Governance.

The massive opportunities launched by the 2030 Vision has now dictated further development of Financial Sector Enablers, such as Rating Agencies.  Rating Services are important and critical to various Stakeholders including Corporates, Investors, Regulators and Lenders.

Rating Services are important for the following reasons:

➢ Facilitate the growth of the credit and debt capital markets in the Kingdom

➢ Contribute to the financial stability and market transparency in the Kingdom

➢ Contribute to the development of capital markets

➢ Assist in the estimation of the risk premiums for Stakeholders

➢ Develop standardization for the evaluation process of Risks

FA Rating Agency is positioned today to contribute to the development of the Rating Business in the Kingdom, in support if the growing Financial Sector.