PHOTO
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) ((Saeed.Azhar@thomsonreuters.com; +65-64035664 ; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))
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) ((Saeed.Azhar@thomsonreuters.com; +65-64035664 ; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))
