Commercial Bank International - LT FCR Lowered; Outlook Revised to Stable from Negative

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has lowered the Long-Term Foreign Currency Rating (LT FCR) of Commercial Bank International (CBI) to 'BBB+' from 'A-'. At the same time, CI Ratings has adjusted the Bank's Short-Term Foreign Currency Rating (ST FCR) to 'A2' from 'A3'. The Outlook for the LT FCR has been revised to Stable from Negative. CI Ratings has also assigned CBI a Bank Standalone Rating (BSR) of 'bbb-' with a Stable Outlook, a Core Financial Strength (CFS) rating of 'bb' and an Extraordinary Support Level (ESL) of High.

Attachments

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