Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2023/02/08/4033 Commercial Bank of Iraq – Ratings Assigned 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 Commercial Bank of Iraq (CBIQ) of 'B' and 'B', respectively. The LT FCR Outlook is Stable. At the same time, CI Ratings has assigned to CBIQ 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 High. 07 February 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4032 Qatar - Sovereign Ratings Upgraded; Outlook Stable Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) of Qatar to 'AA' from 'AA-'. The sovereign's Short-Term Foreign Currency Rating (ST FCR) and Short-Term Local Currency Rating (ST LCR) have been affirmed at 'A1+'. The Outlook for the ratings remains Stable. 03 February 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4031 Axis Bank - BSR Outlook Raised to Positive; Foreign Currency Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Bank Standalone Rating (BSR) of Axis Bank Ltd (ABL) to Positive from Stable; the BSR has been affirmed at 'bb+'. At the same time, CI Ratings has affirmed ABL's Long-Term Foreign Currency Rating (LT FCR) at 'BBB-', Short-Term Foreign Currency Rating (ST FCR) at 'A3', and Core Financial Strength (CFS) at 'bbb'. The LT FCR Outlook of Stable and Extraordinary Support Level (ESL) of High have also been affirmed. 03 February 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4030 Arab African International 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 Arab African International Bank (AAIB) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed AAIB's Bank Standalone Rating (BSR) of 'b+', Core Financial Strength (CFS) rating of 'bb+' and Extraordinary Support Level (ESL) of High. The Outlook on the LT FCR and BSR remains Stable. 02 February 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4029 Al Mustashar Islamic Bank for Investment and Finance - Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Al Mustashar Islamic Bank for Investment and Finance's (MIB) 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 MIB's Bank Standalone Rating (BSR) of 'b-' with a Stable Outlook, Core Financial Strength (CFS) rating of 'b+', and Extraordinary Support Level (ESL) of Uncertain. 31 January 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4028 Al-Taif Islamic Bank - Ratings Assigned 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. 31 January 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4027 Investbank - 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 Investbank (IB) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed IB's Bank Standalone Rating (BSR) of 'b+', Core Financial Strength (CFS) rating of 'bb', and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR remains Positive and Stable, respectively. 26 January 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4026 Outlook on Six Saudi Bank LT FCRs Revised to Positive Following Similar Sovereign Action Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Long-Term Foreign Currency Rating (LT FCR) of six Saudi Arabian banks to Positive from Stable. At the same time, the six banks' LT FCRs, Short-Term Foreign Currency Ratings (ST FCRs) and Bank Standalone Ratings (BSRs) have been affirmed at their current levels, with each bank continuing to display generally solid financial fundamentals. 24 January 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4025 United Arab Emirates - Sovereign 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 Long-Term Local Currency Rating (LT LCR) of the United Arab Emirates (UAE) at 'AA-'. The sovereign's Short-Term Foreign Currency Rating (ST FCR) and Short-Term Local Currency Rating (ST LCR) have been affirmed at 'A1+'. The Outlook for the ratings remains Stable. 20 January 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4024 IDBI Bank - Ratings Outlook Revised to Positive Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook for IDBI Bank's Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) to Positive from Stable. At the same time, the Bank's LT FCR of 'BB+' and BSR of 'bb-' have been affirmed. IDBI Bank's Short-Term Foreign Currency Rating (ST FCR) of 'B', Core Financial Strength (CFS) rating of 'bb-' and Extraordinary Support Level (ESL) of High have also been affirmed. 20 January 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4023 ICICI Bank - Standalone Rating Raised; Foreign Currency Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Bank Standalone Rating (BSR) of ICICI Bank to 'bbb-' from 'bb+' and the Core Financial Strength (CFS) rating to 'bbb+' from 'bbb'. At the same time, CI Ratings has affirmed the Bank's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'BBB-' and 'A3', respectively. The Extraordinary Support Level (ESL) of High has also been affirmed. The Outlook on the LT FCR and BSR remains Stable. 20 January 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4022 Kuveyt Turk Katilim Bankasi - 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 Kuveyt Turk Katilim Bankasi A.S. (KTKB) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed KTKB's Bank Standalone Rating (BSR) of 'b' and Core Financial Strength (CFS) rating of 'bb-'. The Outlook for the LT FCR and BSR remains Negative. 19 January 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4021 Muscat Finance - Ratings on Oman National Scale Affirmed; Outlook Remains Negative Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Corporate Rating on the Oman National Scale of Muscat Finance S.A.O.G. (MF) at 'omA-'. The Short-Term rating on the same scale has also been affirmed at 'omA2'. The Outlook on the ratings remains Negative. 05 January 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4020 Turkiye Finans Katilim Bankasi - 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 Turkiye Finans Katilim Bankasi A.S. (TFKB) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed TFKB's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating at 'b-' and 'b+', respectively. The Outlook for the LT FCR and BSR remains Negative. 05 January 2023 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4019 Sekerbank - 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 Sekerbank (SB) at 'B-' and 'B', respectively. At the same time, CI Ratings has affirmed SB's Bank Standalone Rating (BSR) of 'b-' and raised the Core Financial Strength (CFS) rating to 'b' from 'b-'. The Outlook for the LT FCR and BSR remains Stable. 22 December 2022 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4018 IndusInd Bank - Ratings Affirmed and Withdrawn Capital Intelligence Ratings (CI Ratings) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating of IndusInd Bank (IIB) at 'BBB-' and 'A3', respectively. IIB's Bank Standalone Rating (BSR) of 'bbb-', Core Financial Strength (CFS) rating of 'bbb+', and Extraordinary Support Level (ESL) of High have also been affirmed. The Outlook for the LT FCR and BSR remains Stable. At the same time, CI Ratings has withdrawn the ratings assigned to IIB at the request of the Bank. 22 December 2022 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4017 Rawabi Holding Company - National Ratings Affirmed; Outlook Revised to Positive Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on Rawabi Holding Company's (RHC) Long-Term Saudi Arabia National Scale issuer rating to Positive from Stable. At the same time, CI has affirmed RHC's Long- and Short-Term national scale issuer ratings of 'saA-' and 'saA2', respectively. 21 December 2022 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4016 Saudi Arabia - Outlook Revised to Positive; Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on Saudi Arabia's Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) to Positive from Stable. At the same time, CI Ratings has affirmed the sovereign's LT FCR and LT LCR at 'A+', and Short-Term (ST) FCR and ST LCR at 'A1'. 16 December 2022 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4015 Bank of Cyprus - Ratings Upgraded with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Bank of Cyprus (BoC) to 'BB', from 'BB-'. BoC's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) have also been raised to 'bb' and 'bb', respectively, from 'bb-' and 'bb-'. At the same time, CI Ratings has affirmed the Bank's Short-Term Foreign Currency Rating (ST FCR) of 'B' and Extraordinary Support Level (ESL) of Uncertain. The Outlook for the LT FCR and BSR remains Stable. 16 December 2022 Capital Intelligence http://www.ciratings.com/news/2023/02/08/4014 Albaraka Turk - 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 Albaraka Türk Katılım Bankası A.Ş. (ATKB) at 'B-' and 'B', respectively. At the same time, CI Ratings has affirmed ATKB's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating at 'b-' and 'b-', respectively. The Outlook for the LT FCR and BSR remains Stable. 16 December 2022 Capital Intelligence