Home Industry Finance Ratings firm Fitch gets licence to operate in Saudi Standard & Poor’s became the first foreign credit agency to obtain such permission last year by Reuters April 10, 2017 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. Also read: Saudi Arabia says six credit agencies apply for licences 0 Comments