http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2023/12/02/4236 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Jordan's Long-Term Foreign Currency Rating (LT FCR) and LT Local Currency Rating (LT LCR) at 'B+'. At the same time, CI Ratings has affirmed the sovereign's Short-Term (ST) FCR and ST LCR at 'B'. The Outlook on the ratings remains Positive. 01 December 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4235 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Housing Bank for Trade and Finance (HBTF) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed HBTF's Bank Standalone Rating (BSR) of 'b+', Core Financial Strength (CFS) rating of 'bbb-', and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Positive. 30 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4234 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Ahli United Bank Kuwait (AUBK) at 'A+' and A1, respectively. AUBK's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating of 'bbb+', and Extraordinary Support Level (ESL) of High have also been affirmed. The Outlook for both the LT FCR and BSR remains Stable. At the same time, CI Ratings has withdrawn the ratings assigned to AUBK at the request of the Bank. 29 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4233 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook for Ahli United Bank B.S.C. (AUB) Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) to Negative from Stable. At the same time, the Bank's LT FCR and BSR have been affirmed at A-' and 'bbb+', respectively. The ST FCR has also been affirmed at 'A2'. The Extraordinary Support Level (ESL) remains High. 28 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4231 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Bank Standalone Rating (BSR) of State Bank of India (SBI) to 'bb+' from 'bb'. At the same time CI Ratings has affirmed SBI's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'BBB-' and 'A3', respectively. The Core Financial Strength (CFS) rating of 'bb+' and Extraordinary Support Level (ESL) of High are also affirmed. The Outlook for the LT FCR and BSR remains Stable. 24 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4230 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Arab Banking Corporation Jordan (Bank ABC) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed Bank ABC's Bank Standalone Rating (BSR) of 'b+', Core Financial Strength (CFS) rating of 'bb+', and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR remains Positive. 23 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4229 Capital Intelligence Ratings (CI Ratings or CI) has withdrawn the issuer credit ratings of Land United Real Estate (LURE) in Kuwait. The decision to withdraw the ratings has been taken by CI Ratings and reflects the lack of reliable financial and other data for maintaining credit ratings. 23 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4228 Capital Intelligence (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Korea Development Bank (KDB) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed KDB's Bank Standalone Rating (BSR) of 'a+' and Core Financial Strength (CFS) rating of 'a+'. The Outlook for the LT FCR and BSR remains Stable. 22 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4227 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Arab Bank Plc (AB) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed AB's Bank Standalone Rating (BSR) of 'b+' and Core Financial Strength (CFS) rating of 'bbb-'. The Outlook for the LT FCR and BSR remains Positive. 21 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4226 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has withdrawn the National Scale Issue Rating of 'saA' with a Positive Outlook assigned to the SAR350mn Series 6 Sukuk issued by RHC Sukuk 1 Ltd following repayment on November 11th 2023. 21 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4225 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Turkiye's Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) at 'B'. At the same time, the sovereign's Short-Term (ST) FCR and ST LCR have been affirmed at 'B'. The Outlook for the ratings remains Stable. 17 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4224 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned a first time 'saA-' Issue Rating on the Saudi Arabia National Scale to the Series 4 (SAR184mn), Series 5 (SAR176mn) and Series 6 (SAR100mn) Senior Unsecured Sukuk issued by Rawabi Holding Company CJSC (RHC). The Outlook on the ratings is Positive which mirrors the Outlook of the Issuer rating of RHC. The change in the outlook of the issuer in December 2022 to Positive from Stable was driven by increased capital and improved operating and net profitability in both 2021 and most importantly 2022, coupled with the expectation that these developments would continue over the forecast horizon. RHC has also been able to further broaden its revenue sources as a result of higher dividend income and new contracts in non-oil & gas contracting. 16 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4223 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long- and Short-Term issuer ratings on the Oman National Scale assigned to National Finance Company SAOG (NFC) at 'omA-' and 'omA2', respectively. The Outlook on the ratings remains Positive. 16 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4222 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the 'BBB' issue rating assigned to Kuwait Financial Centre's (Markaz; the issuer) KWD35mn or USD equivalent 5-Year Senior Unsecured Bond. The Outlook on the rating remains Stable. 15 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4221 Capital Intelligence (CI Ratings) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Industrial Bank of Korea (IBK) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed IBK's Bank Standalone Rating (BSR) of 'a+', Core Financial Strength (CFS) rating of 'a+', and Extraordinary Support Level (ESL) of Very High. The Outlook for the ratings remains Stable. 15 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4220 Capital Intelligence Ratings (CI Ratings or CI) has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Saman Bank (SB) to 'B' from to 'B-'. Similarly, CI Ratings has upgraded the Bank Standalone Rating (BSR) to 'b' from 'b-' and the Core Financial Strength (CFS) rating to 'b+' from 'b'. At the same time, SB's Short-Term Foreign Currency Rating (ST FCR) of 'B' and Extraordinary Support Level (ESL) of Uncertain have been affirmed. The Outlook on the LT FCR and BSR has been revised to Stable from Positive. 14 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4219 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Česká Spořitelna (ČS) at 'A' and 'A1', respectively. At the same time, CI Ratings has affirmed ČS' Bank Standalone Rating (BSR) of 'a-', Core Financial Strength (CFS) rating of 'a-', and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR remains Stable. 09 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4218 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Bank of Baroda's (BOB) Bank Standalone Rating (BSR) to 'bb+', from 'bb', and Core Financial Strength (CFS) to 'bb+', from 'bb'.  At the same time, CI Ratings has affirmed BOB's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'BBB-' and 'A3', respectively. The Bank's Extraordinary Support Level (ESL) remains High. The Outlook for the LT FCR and the BSR is Stable. 09 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4217 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Bank Standalone Rating (BSR) of Československá obchodní banka (ČSOB) to Negative, from Stable, while affirming the BSR at 'a'. The Bank's Extraordinary Support Level (ESL) has also been revised to High, from Moderate. At the same time, CI Ratings has affirmed ČSOB's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of 'A' and 'A1', respectively; the LT FCR Outlook remains Stable. The Bank's Core Financial Strength (CFS) rating of 'a' has also been affirmed. 08 November 2023 Capital Intelligence http://www.ciratings.com/news/2023/12/02/4216 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Invest Bank (IB) at 'BBB-' and 'A3', respectively. The Outlook for the LT FCR and BSR is Stable.  At the same time, CI Ratings has affirmed IB's Bank Standalone Rating (BSR) of 'bb-', Core Financial Strength (CFS) rating of 'b', and Extraordinary Support Level (ESL) of High. 08 November 2023 Capital Intelligence