Moody's Investors Service has established an office in Riyadh to deepen its role in Saudi Arabia's debt capital markets, the global ratings agency said in a statement on Wednesday.

 

The company appointed Mahmoud Totonji as general manager and head of relationship management for Saudi Arabia, it added.

 

Moody's first rated the government of Saudi Arabia in January 1996. It currently rates 140 issuers and 92 debt programs across the Middle East.

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