National Bank of Bahrain - LT FC Lowered following Sovereign Rating Action

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has lowered the Long-Term Foreign Currency Rating (LT FCR) of National Bank of Bahrain B.S.C. (NBB) to 'B+' from 'BB-'. This action follows the recent downgrade of Bahrain's LT FCR ('B+' from 'BB-') and the revision of the Outlook on the rating to Stable from Negative. The Bank's Short-Term Foreign Currency Rating (ST FCR) has been affirmed at 'B'. The Bank's LT FCR Outlook has also been revised to Stable from Negative, in line with the sovereign outlook.

Attachments

• Rating Announcement (CRA)
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