Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2023/06/02/4104 Al Ahli Bank of Kuwait - 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 Al Ahli Bank of Kuwait (ABK) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed ABK'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. 01 June 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4103 Oman Arab Bank - Ratings Affirmed with a Positive 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 Oman Arab Bank (OAB) at 'BB' and 'B', respectively. At the same time, CI Ratings has affirmed OAB's Bank Standalone Rating (BSR) of 'bb', Core Financial Strength (CFS) rating of 'bbb-' and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR remains Positive. 31 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4102 National Bank of Oman - Ratings Affirmed with a Positive 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 National Bank of Oman (NBO) at 'BB' and 'B', respectively. At the same time, CI Ratings has affirmed NBO's Bank Standalone Rating (BSR) of 'bb', Core Financial Strength (CFS) rating of 'bbb-' and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR remains Positive. 31 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4101 Mashreqbank - 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 Mashreqbank (MB) at 'A' and 'A1', respectively. At the same time, CI Ratings has affirmed MB'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. 31 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4100 National Bank of Greece - CFS Raised; Other 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 National Bank of Greece SA (NBG) at 'BB-' and 'B', respectively. CI Ratings has also affirmed NBG's Bank Standalone Rating (BSR) of 'bb-' and Extraordinary Support Level (ESL) of Uncertain. The Outlook on both the LT FCR and BSR remains Stable. At the same time, CI has raised the Bank's Core Financial Strength (CFS) rating to 'bb', from 'bb-'. 26 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4099 International Development Bank for Investment & Finance - Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed International Development Bank for Investment and Finance's (IDB) Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of 'B-' and 'B', respectively. The LT FCR Outlook is Stable. At the same time, CI Ratings has affirmed IDB'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. 25 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4098 Kamco Investment Company - 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 Kamco Investment Company K.S.C.P. (Kamco) at 'BBB' and 'A3', respectively. The Outlook on the ratings remains Stable. 25 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4097 Iran - Sovereign Ratings Affirmed; Outlook Remains Stable Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Iran's Long-Term Foreign Currency Rating (LT FCR) and Long-Term 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 Stable. 19 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4096 Eurobank S.A. - Ratings Affirmed; Outlook Revised to Positive Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) of Eurobank S.A. (Eurobank) to Positive from Stable. The Bank's LT FCR and BSR have been affirmed at 'BB-' and 'bb-', respectively. At the same time, CI Ratings has affirmed Eurobank's Short-Term Foreign Currency Rating (ST FCR) of 'B', Core Financial Strength (CFS) rating of 'bb' and Extraordinary Support Level (ESL) of Uncertain. 19 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4095 Burgan 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 Burgan Bank K.P.S.C. (Burgan) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed Burgan'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. 18 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4094 Alizz Islamic Bank - National Ratings Affirmed with a Positive Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long- and Short-Term ratings on the Oman National Scale of Alizz Islamic Bank (AIB) at 'omAA' and 'omA1+', respectively. The Outlook for the ratings is Positive. 18 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4093 Al Rajhi Banking & Investment Corporation - 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 Al Rajhi Banking and Investment Corporation (ARB) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed ARB's Bank Standalone Rating (BSR) of 'a-', Core Financial Strength (CFS) rating of 'a-' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR remains Positive. The BSR remains on a Stable Outlook. 17 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4092 United Real Estate Company KWD60mn Bond - Rating Withdrawn Following Repayment Capital Intelligence Rating (CI Ratings or CI) today announced that it has withdrawn the ‘BBB-’ international rating assigned to the KWD60mn Senior Unsecured Bond issued by United Real Estate Company in 2018. The issue was fully repaid on maturity on April 19th 2023 as confirmed by KAMCO, the facility agent. 16 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4091 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 Long-Term Local Currency Rating (LT LCR) at 'B+'. At the same time, CI Ratings has affirmed the sovereign's Short-Term Foreign Currency Rating (ST FCR) and Short-Term Local Currency Rating (ST LCR) at 'B'. The Outlook remains Stable. 12 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4090 Akbank - Ratings Affirmed; Outlook Remains Negative 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 Akbank at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed Akbank's Bank Standalone Rating (BSR) of 'b+' and the Extraordinary Support Level (ESL) of Uncertain The Outlook for the LT FCR and BSR remains Negative. 12 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4089 Bank Muscat - Ratings Affirmed; Outlook Remains Positive 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 Muscat (BM) at 'BB' and 'B', respectively. At the same time, CI Ratings has affirmed BM's Bank Standalone Rating (BSR) of 'bb', Core Financial Strength (CFS) rating of 'bbb' and Extraordinary Support Level (ESL) of Moderate. The Outlook for both the LT FCR and BSR remains Positive. 11 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4088 Yapi Ve Kredi 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 Yapi ve Kredi Bankasi (YKB) at 'B' and 'B', respectively. At the same time, CI Ratings has affirmed YKB's Bank Standalone Rating (BSR) of 'b', Core Financial Strength (CFS) rating of 'bb', and Extraordinary Support Level (ESL) of Uncertain. The Outlook for the LT FCR and BSR remains Negative. 10 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4087 Riyad Bank - 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 Riyad Bank (RB) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed RB'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. 10 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4086 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. At the same time, CI Ratings has affirmed CAP'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. 09 May 2023 Capital Intelligence http://www.ciratings.com/news/2023/06/02/4085 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. 09 May 2023 Capital Intelligence