News & Credit Rating Announcements
24 June 2019 | Country: Saudi Arabia | Bank: The Saudi Investment Bank
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Saudi Investment Bank - FCRs Upgraded; Outlook Remains Stable
Overview
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has raised the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Saudi Investment Bank (SAIB) to 'A-' and 'A2' from 'BBB+' and 'A3', respectively. At the same time CI Ratings has assigned to SAIB a Bank Standalone Rating (BSR) of 'bbb', a Core Financial Strength (CFS) rating of 'bbb-' and an Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR is Stable.
Attachments
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Credit Rating Announcement (CRA)
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Bank Rating Report (Saudi Arabia, The Saudi Investment Bank)
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