Al-Taif Islamic Bank - Ratings Assigned

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned a first-time Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) to Al-Taif Islamic Bank (TIB) of 'B-' and 'B', respectively. The LT FCR Outlook is Stable.  At the same time, CI Ratings has assigned TIB a Bank Standalone Rating (BSR) of 'b-' with a Stable Outlook, a Core Financial Strength (CFS) rating of 'b', and an Extraordinary Support Level (ESL) of Uncertain.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Iraq, Al-Taif Islamic Bank (TIB))
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