Invest Bank - FSR Lowered; FCR Outlook Revised to Negative

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has lowered the Financial Strength Rating (FSR) of UAE-based Invest Bank (IB) to 'BB' from 'BBB-' in view of the deterioration in asset quality, impaired capital base and weak profitability ratios. CI Ratings believes that it could take a few years for the Bank restore its key asset quality parameters to their previous sound levels.

Attachments

• Credit Rating Announcement (CRA)
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