Tadhamon Bank - Ratings Outlook Revised to Stable

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Long-Term Foreign Currency Rating (LT FCR) Outlook of Tadhamon Bank (TB) to Stable from Negative. The Bank Standalone Rating (BSR) Outlook has also been revised to Stable (previously not meaningful). The Bank's LT FCR and BSR of 'C' and 'c', respectively, have been affirmed. At the same time, CI Ratings has affirmed TB's Short Term Foreign Currency Rating (ST FCR) of 'C', Core Financial Strength (CFS) rating of 'c+', and ESL of Uncertain.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Yemen, Tadhamon Bank)
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