Bank AlJazira’s Ratings Affirmed with a ‘Stable’ Outlook

Overview

Capital Intelligence Ratings (CI Ratings), the international credit rating agency, today announced that it has affirmed the ratings of Bank AlJazira (BAJ), based in Jeddah, Saudi Arabia.  The Financial Strength Rating (FSR) is affirmed at 'BBB', supported by sound asset quality in the form of a low non-performing loan (NPL) ratio and strong coverage by loan-loss reserves (LLRs) and free capital.

Attachments

• View Credit Rating Announcement (CRA)
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• Bank Rating Report (Saudi Arabia, Bank AlJazira)
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