Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2024/04/20/4305 Burgan Bank – Initial Rating Assigned to Perpetual Additional Tier 1 Bond (up to KWD154mn) Capital Intelligence Ratings (CI Ratings or CI) has assigned a first-time issue rating of 'BBB-' to Burgan Bank's (BB) proposed up to KWD154mn Basel III-compliant Perpetual Additional Tier 1 Bond. The bonds are to be issued by private placement. The Outlook assigned to the rating is Stable. 19 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4304 Banque Saudi Fransi - Ratings Affirmed with a Stable Outlook 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 Banque Saudi Fransi (BSF) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed BSF's Bank Standalone Rating (BSR) of 'bbb+', Core Financial Strength (CFS) rating of 'bbb+', and Extraordinary Support Level (ESL) of High.  The Outlook for the LT FCR and BSR remains Stable. 17 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4303 Bahrain – Sovereign Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Bahrain'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 FCR (ST FCR) and ST LCR at 'B'. The Outlook remains Stable. 12 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4302 Bank Pekao – Ratings Affirmed with a Stable Outlook 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 Bank Pekao at 'A-' and 'A2', respectively. At the same time, CI Ratings has affirmed Bank Pekao's Bank Standalone Rating (BSR) of 'bbb+', Core Financial Strength (CFS) rating of 'bbb+', and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Stable. 12 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4301 PKO Bank Polski – Ratings Affirmed with a Stable Outlook 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 PKO Bank Polski (PKO) at 'A-' and 'A2', respectively. The Outlook for the LT FCR remains Stable. At the same time, CI Ratings has affirmed PKO's Bank Standalone Rating (BSR) of 'a-' with a Stable Outlook, Core Financial Strength (CFS) rating of 'a-', and Extraordinary Support Level (ESL) of Uncertain. 12 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4300 Al Janoob Islamic Bank – Ratings Suspended Capital Intelligence Ratings (CI Ratings or CI) today announced that it has suspended the credit ratings of Al Janoob Islamic Bank (JIB) 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. 10 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4299 Iraqi Islamic Bank for Investment and Development – Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Iraqi Islamic Bank for Investment and Development's (IIB) Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of 'B-' and 'B', respectively. The Outlook for the LT FCR remains Stable. CI Ratings has also affirmed IIB's Bank Standalone Rating (BSR) of 'b-' with a Stable Outlook, Core Financial Strength (CFS) rating of 'bb-', and Extraordinary Support Level (ESL) of Uncertain. 09 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4298 Capital Bank of Jordan – Ratings Affirmed 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 Capital Bank of Jordan (CAP) at 'B+' and 'B', respectively. The LT FCR Outlook remains Positive. At the same time, CI Ratings has affirmed CAP's Bank Standalone Rating (BSR) of 'b+' with a Stable Outlook, Core Financial Strength (CFS) rating of 'bb', and Extraordinary Support Level (ESL) of Moderate. 04 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4297 Bank Millennium – Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Bank Millennium S.A.'s (BM) Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'BBB-' and 'A3', respectively. At the same time, CI Ratings has affirmed BM's Bank Standalone Rating (BSR) of 'bbb-', Core Financial Strength (CFS) rating of 'bb+', and Extraordinary Support Level (ESL) of Uncertain. The Outlook for the LT FCR and BSR remains Stable. 03 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4296 mBank – Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed mBank's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'BBB' and 'A2', respectively. At the same time, CI Ratings has affirmed the Bank Standalone Rating (BSR) of 'bbb', Core Financial Strength (CFS) rating of 'bbb', and Extraordinary Support Level (ESL) of Uncertain. The Outlook for the LT FCR and BSR is Stable. 03 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4295 Qatar National Bank – Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Qatar National Bank (QNB) at 'AA' and 'A1+', respectively. At the same time, CI Ratings has affirmed QNB'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 all ratings remains Stable. 03 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4294 Qatar Islamic Bank – Ratings Affirmed with a Stable Outlook 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 Qatar Islamic Bank (QIB) at 'AA-' and 'A1+', respectively. At the same time, CI Ratings has affirmed QIB's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating of 'a-', as well as the extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR is Stable. 03 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4293 Qatar International Islamic Bank – Ratings Affirmed with a Stable Outlook 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 Qatar International Islamic Bank (QIIB) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed QIIB's Bank Standalone Rating (BSR) of 'bbb+', Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR is Stable. 03 April 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4292 Cyprus – Outlook Revised to Positive; Sovereign Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Republic of Cyprus' Long-Term Foreign Currency Rating (LT FCR) to Positive from Stable. At the same time, CI Ratings has affirmed the sovereign's LT FCR and Short-Term FCR (ST FCR) at 'BBB-' and 'A3', respectively. 29 March 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4291 National Bank of Oman - LT FCR and BSR Raised due to Improving Sovereign and Operating Environment Risk Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised National Bank of Oman's (NBO) Long-Term Foreign Currency Rating (LT FCR) to 'BB+' from 'BB and the Bank Standalone Rating (BSR) to 'bb+' from 'bb'. The Outlook for the LT FCR and BSR has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'. 28 March 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4290 Oman Arab Bank - LT FCR and BSR Raised due to Improving Sovereign and Operating Environment Risk Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Oman Arab Bank's (OAB) Long-Term Foreign Currency Rating (LT FCR) to 'BB+' from 'BB' and the Bank Standalone Rating (BSR) to 'bb+' from 'bb'. The Outlook for the LT FCR and BSR has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'. 28 March 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4289 Bank Muscat - LT FCR and BSR Raised due to Improving Sovereign and Operating Environment Risk Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Bank Muscat's (BM) Long-Term Foreign Currency Rating (LT FCR) to 'BB+' from 'BB' and the Bank Standalone Rating (BSR) to 'bb+' from 'bb'. The Outlook for the LT FCR and BSR has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'. 28 March 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4288 Alizz Islamic Bank – Long-Term National Scale Rating Raised due to Improving Sovereign and Operating Environment Risk Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Alizz Islamic Bank's (AIB) Long-Term Rating on the Oman National Scale to 'omAAA' from 'omAA'.  The Outlook for the rating has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'. 28 March 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4287 Ominvest – Long-Term International and National Ratings Raised due to Improving Sovereign and Operating Environment Risk Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Long-Term Foreign Currency Rating  (LT FCR) of Oman International Development and Investment Company (Ominvest) to 'BB+' from 'BB'. This follows the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'. 28 March 2024 Capital Intelligence http://www.ciratings.com/news/2024/04/20/4286 Ahli Bank (Oman) LT FCR and BSR Raised due to Improving Sovereign and Operating Environment Risk Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Ahli Bank's (AB) Long-Term Foreign Currency Rating (LT FCR) to 'BB+' from 'BB' and the Bank Standalone Rating (BSR) to 'bb+' from 'bb'. The Outlook for the LT FCR and BSR has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'. 28 March 2024 Capital Intelligence