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CI Seminars

CI Seminars

News & Credit Rating Announcements

17 October 2022 | Country: Iraq | Bank: Kurdistan International Islamic Bank

Kurdistan International Islamic Bank - Ratings Suspended


Capital Intelligence Ratings (CI Ratings or CI) today announced that it has suspended the credit ratings of Kurdistan International Islamic Bank (KIB) due to the lack of up-to-date financial data. At the time of suspension, the Bank's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) were 'B-' and 'B', respectively. The LT FCR Outlook was Stable. KIB's Bank Standalone Rating (BSR) was 'b-' with a Stable Outlook and the Core Financial Strength (CFS) rating was 'bb-'. The Extraordinary Support Level (ESL) was Uncertain.

In addition, KIB's Long- and Short-Term Ratings on the Iraq National Scale at the time of suspension were 'iqBBB' and 'iqA3', respectively, with a Stable Outlook.


  • Rating Announcement (CRA)
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