Outlook for Commercial Bank International's Foreign Currency Rating Revised to Negative; Other Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Long-Term Foreign Currency Rating (FCR) of UAE's Commercial Bank International (CBI) at 'A-' and the Short-Term FCR at 'A3'. The Long-Term FCR, which represents a three-notch uplift from the Bank's Financial Strength Rating (FSR) of 'BBB-', is strongly underpinned by the substantial financial support from Qatar National Bank (QNB), one of the best-rated entities in the region (Long-Term FCR and FSR of 'AA-' assigned by CI Ratings).

Attachments

• Credit Rating Announcement (CRA)
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• Bank Rating Report (UAE, Commercial Bank International)
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