Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2019/03/23/3116 Capital Bank of Jordan - Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed Capital Bank of Jordan's (CAP) Long- and Short-Term Foreign Currency Ratings (FCRs) of 'BB-' and 'B', respectively. CAP's FCRs are constrained by the ratings assigned to the sovereign ('BB-'/'B'/Negative), reflecting the Bank's base of operations in Jordan and its exposure to the Jordanian sovereign, mainly in the form of government paper and balances with the Central Bank of Jordan (CBJ). 21 March 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3115 Invest Bank - FSR Lowered; FCR Outlook Revised to Negative Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has lowered the Financial Strength Rating (FSR) of UAE-based Invest Bank (IB) to 'BB' from 'BBB-' in view of the deterioration in asset quality, impaired capital base and weak profitability ratios. CI Ratings believes that it could take a few years for the Bank restore its key asset quality parameters to their previous sound levels. 20 March 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3114 National Bank of Iraq - Long-Term FCR Upgraded Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has upgraded National Bank of Iraq's (NBI) Long-Term Foreign Currency Rating (FCR) to 'B' from 'B-'. This action is mainly driven by CI Ratings' improved assessment of Iraq sovereign credit risk. 19 March 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3113 Cyprus’ Sovereign Rating Upgraded; Outlook Remains Positive Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has upgraded the Republic of Cyprus' Long-Term Foreign Currency (LT FC) Issuer Rating to 'BB+' from 'BB' and affirmed its Short-Term Foreign Currency (ST FC) Rating at 'B'. The Outlook for the Long-Term ratings remains Positive. 15 March 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3112 Canara Bank’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 the Financial Strength Rating (FSR) of India's Canara Bank at 'BB'. The Bank's severely impaired capital base, high non-performing loan (NPL) ratio, low coverage, weak earnings and ongoing elevated credit risks in some sectors in the country to which it has moderately high exposures are the major factors constraining the ratings. 14 March 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3111 Union Bank of India’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 the Financial Strength Rating (FSR) of Union Bank of India (UBI) at   'BB-'. The rating is constrained by the Bank's high level of non-performing loans (NPLs), low loan-loss reserve (LLR) coverage ratio and weak capital buffers, a severely impaired capital base, low earnings and ongoing credit risks in certain sectors to which the Bank has exposures. 14 March 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3110 Investcorp Bank - Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced today that it has affirmed Investcorp's Financial Strength Rating (FSR) at 'BBB'. The rating reflects the Bank's geographically diversified assets, funding and revenues (largely in US and Europe), good debt service record along with extended debt maturity profile and diversified borrowings. 07 March 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3109 China Merchants Bank - Ratings Affirmed, with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of China Merchants Bank (CMB) at 'BBB'. The rating is underpinned by the sound and improving loan asset quality, solid capital ratios following the issuance of additional Tier 1 capital, better than peer group profitability and sound liquidity metrics. The rating also reflects the Bank's size and sound business franchise, as well as the large indirect holding by the Mainland Chinese government. 04 March 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3108 Egypt - Sovereign Ratings Affirmed, with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed Egypt's Long-Term Foreign Currency (LT FC) and Long-Term Local Currency (LT LC) Issuer Ratings at 'B+'. The sovereign's Short-Term Foreign Currency (ST FC) and Short-Term Local Currency (ST LC) Ratings have also been affirmed at 'B'. The Outlook for the ratings remains Stable. 01 March 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3107 Bank of Communications - Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of Bank of Communications Company Limited (BoCom) at 'BBB+'. The rating is underpinned by the Bank's sound and improving loan asset quality indicators, comfortable liquidity metrics and adequate capital ratios. The rating also reflects the Bank's size, coupled with its sound business franchise, significant sovereign ownership, as well as the fact that the Hongkong and Shanghai Banking Corporation Limited's (HSBC) is its second largest shareholder. 27 February 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3106 Jordan Kuwait Bank - Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced today that it has affirmed Jordan Kuwait Bank's (JKB) Long- and Short-Term Foreign Currency Ratings (FCRs) at 'BB-' and 'B', respectively, with a Negative Outlook. 25 February 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3105 International Bank of Yemen - Credit Ratings Reinstated Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has reinstated the credit ratings of International Bank of Yemen (IBY), based in Sana'a, Yemen. In October 2018 CI Ratings suspended the ratings of IBY due to the lack of detailed up-to-date financial data. IBY's Financial Strength Rating (FSR) is reinstated at 'B-', supported by adequate liquidity, capital and profitability. 25 February 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3104 Ahli Bank (Oman) - Ratings Lowered Following Sovereign Rating Action Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has lowered Oman-based Ahli Bank's (AB) Long-Term Foreign Currency Rating (FCR) and Financial Strength Rating (FSR) to 'BBB-' from BBB'. At the same time, the Short-Term FCR was affirmed at 'A3', and the Outlook for the ratings was revised to Stable from Negative. This action follows the recent downgrade of Oman's sovereign rating ('BBB-'/'A3'/Stable). 21 February 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3103 Bank Muscat - Ratings Lowered Following Sovereign Rating Action Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has lowered Bank Muscat's (BM) Long-Term Foreign Currency Rating (FCR) to  'BBB-' from 'BBB'. The Bank's Financial Strength Rating (FSR) was also lowered, to 'BBB' from 'BBB+'. At the same time, the Short-Term FCR was affirmed at 'A3'. The Outlook for all the ratings was revised to Stable from Negative. 21 February 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3102 National Bank of Oman - Ratings Lowered Following Sovereign Rating Action Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has lowered National Bank of Oman's (NBO) Long-Term Foreign Currency Rating (FCR) and Financial Strength Rating (FSR) to 'BBB-' from BBB'. 21 February 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3101 Request for Comments: Bank Rating Methodology Capital Intelligence Ratings (CI Ratings or CI) is requesting feedback from rated banks, subscribers, other stakeholders, and market participants on its proposed Bank Rating Methodology, which has been posted on its public website today. 21 February 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3100 Ratings of Certain Banks in Asia and South Africa Withdrawn for Business Reasons Capital Intelligence Ratings (CI Ratings or CI) today announced that it has withdrawn the credit ratings and discontinued analytical coverage of all banks in Thailand, Malaysia, and South Africa as well as the ratings of a number of banks in Taiwan. 19 February 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3099 Oman - Sovereign Ratings Lowered; Outlook Revised to Stable from Negative Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has lowered Oman's Long-Term Foreign Currency (LT FC) and Long-Term Local Currency (LT LC) Issuer Ratings to 'BBB-' from 'BBB'. At the same time, CI Ratings has affirmed the sovereign's Short-Term Foreign Currency (ST FC) and Short-Term Local Currency (ST LC) Ratings at 'A3'. The Outlook for the ratings has been revised to Stable from Negative. 15 February 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3098 HDFC Bank - Ratings Affirmed with a Stable Outlook 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 HDFC Bank at 'A-'. 15 February 2019 Capital Intelligence http://www.ciratings.com/news/2019/03/23/3097 Government Formation in Lebanon Lowers Near-Term Risks Lebanon's leaders agreed a new national unity government on 31 January 2019, ending nine months of political impasse. This development should help reduce near-term political risk, restore domestic confidence, as well as provide an opportunity to implement measures to revive economic growth and address the country's large macroeconomic imbalances. 14 February 2019 Capital Intelligence