Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2017/05/27/2418 Jordan - Sovereign Ratings Affirmed, Outlook Revised to Negative Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed Jordan's Long-Term Foreign and Local Currency Ratings of 'BB-' and 'BB', respectively, as well as its Short-Term Foreign and Local Currency Ratings of 'B'. 26 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2417 Turkey - Sovereign Ratings Affirmed, Outlook Revised to Negative Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed Turkey's Long-Term Foreign Currency and Local Currency Sovereign Ratings of 'BB+' and its Short-Term Foreign and Local Currency Sovereign Ratings of 'B'. 26 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2416 Bank Mandiri - Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the ratings of PT Bank Mandiri (Mandiri), based in Jakarta, Indonesia. 26 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2415 Byblos Bank - Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced today that it has affirmed Byblos Bank S.A.L.'s (Byblos) Financial Strength Rating (FSR) at 'BBB-', with a 'Stable' Outlook. 25 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2414 Alawwal Bank - Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the ratings of Alawwal Bank (ALAW) based in Riyadh, Saudi Arabia. 25 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2413 Punjab and Sind Bank - Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of India's Punjab and Sind Bank (PSB) at 'BB-'. 25 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2412 Turkiye Vakiflar Bankasi - Ratings Affirmed; Outlook for FSR Revised to Negative Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed Türkiye Vakiflar Bankasi's (Vakif) Long- and Short-Term Foreign Currency Ratings (FCRs) at 'BB+' and 'B', respectively, both constrained by the sovereign rating ('BB+'/'B'/'Stable'). 24 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2411 Ratings of Oriental Bank of Commerce Affirmed; Outlook Revised to ‘Negative’ Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of India's Oriental Bank of Commerce (OBC) at 'BB'. The Bank's FSR was revised downwards to this level in May 2016 based on the substantial increase in impaired loans that year, as well as on low coverage ratios and declining profitability parameters at that time. 19 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2410 Alpha Bank’s Financial Strength Rating Affirmed at ‘B-’ Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed Alpha Bank's (AB) Financial Strength Rating (FSR) at 'B-'. The Outlook remains 'Stable'. Despite the expectation that operating conditions in the Greek banking sector will improve, the Long- and Short-Term Foreign Currency Ratings remain on 'Selective Default' ('SD') due to the continued existence of capital controls on deposit withdrawals. AB reinforced its capital base significantly with a EUR2.6 billion capital increase in November 2015, which was achieved without any state aid. 19 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2409 Corporation Bank’s Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of India's Corporation Bank (Corpbank) at 'BB' with weak asset quality, impaired capital and low gross income underpinning the low rating. CI Ratings revised the rating downwards in May 2016 in view of the substantially weakened asset quality and the impaired capital base at that time. As expected, asset quality ratios weakened further in the first nine months of FY2017 following continuing impairments in the Bank's portfolio of loans to large corporate entities. 19 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2408 National Bank of Bahrain’s Ratings Affirmed with a ‘Stable’ Outlook Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed National Bank of Bahrain's (NBB) Long- and Short-Term Foreign Currency Ratings (FCRs) at BB+' and 'B', respectively. These ratings are constrained by CI's Sovereign Ratings for Bahrain ('BB+'/'B'/'Stable'). The Bank's Financial Strength Rating (FSR) of 'BBB+' is also affirmed given the solid capital adequacy, high liquidity and strong customer deposit funding, established business franchise and good profitability metrics. 18 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2407 Ratings of Bank Negara Indonesia Affirmed Capital Intelligence (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the ratings of Bank Negara Indonesia (BNI), based in Jakarta, Indonesia. BNI's Financial Strength Rating (FSR) is maintained at 'BBB', supported by a strong capital adequacy position, high loan-loss coverage, sound liquidity, and good profitability. The rating is constrained by an increased level of non-performing loans (NPLs), still high accretion rate, loan asset quality pressure, and a more challenging earnings environment in the short term. 18 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2406 Credit Libanais’ Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of Credit Libanais SAL's (CL) at 'BB+', with a 'Stable' Outlook. The Support Rating is affirmed at '3', reflecting the high likelihood of official support, in case of need, from Banque du Liban (BdL). The Bank's Long- and Short-Term Foreign Currency Ratings are both affirmed at 'B' with a 'Stable' Outlook, and remain constrained by the ratings assigned to the sovereign ('B'/'B'/'Stable'). 18 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2405 Ratings of China Minsheng Banking Corporation Lowered; Outlook Revised to ‘Stable’ Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has downgraded the Financial Strength Rating (FSR) of China Minsheng Banking Corporation Limited (CMBC) by one notch to 'BBB-' from 'BBB'. The downgrade is based on the Bank's increasing and significant holdings of wealth management investments (asset quality unknown) and unrated debt securities, as well as its lean capital adequacy coupled with a relatively low total capital to total assets ratio. 18 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2404 Gulf Bank – KWD100mn Subordinated Bond Rating Affirmed with a ‘Stable’ Outlook Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced today that it has affirmed Gulf Bank's (GB) Tier 2 Subordinated Bond rating at 'BBB'. This rating is one notch below the Bank's Financial Strength Rating of 'BBB+' given the Subordinated Bond's specific features which include a 'non-viability clause'. This Bond qualifies as Tier 2 Capital under the Central Bank of Kuwait Basel III guidelines. 18 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2403 Bank Audi - Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced today that it has affirmed Bank Audi S.A.L.'s (Audi) Financial Strength Rating (FSR) at 'BBB-', with a 'Stable' Outlook. 11 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2402 Alargan International Real Estate Company - Bond Rating Withdrawn Due to Repayment of the Obligation Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has withdrawn the 'BBB' Rating on the KWD26.5mn five-year bond issued by Alargan International Real Estate Company in April 2012. Both the principal and the last coupon on the obligation were paid in full on April 11th 2017. 10 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2401 Indian Overseas Bank - Ratings Affirmed with a Negative Outlook Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has maintained the Financial Strength Rating (FSR) of Indian Overseas Bank (IOB) at 'BB-' with weak asset quality, low and impaired capital base and poor profitability being major constraining factors. 10 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2400 Canara Bank - Ratings Affirmed; Outlook Changed to Negative Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of India's Canara Bank at 'BB'. 10 May 2017 Capital Intelligence http://www.ciratings.com/news/2017/05/27/2399 Turkiye Halk Bankasi - Financial Strength Rating Lowered; All Other Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has lowered the Financial Strength Rating (FSR) of Türkiye Halk Bankasi (Halkbank) to 'BBB-' from 'BBB'. 08 May 2017 Capital Intelligence