Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2020/06/02/3415 Boubyan 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 Boubyan Bank (BB) at 'A' and 'A1', respectively. At the same time, CI Ratings has affirmed BB's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) of 'bbb'. The Outlook for the LT FCR and BSR is Stable. 02 June 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3414 Ominvest - Corporate and National Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long- and Short-Term Corporate Ratings of Oman International Development and Investment Company (Ominvest) at 'BB+' and 'B', respectively. The Outlook on the ratings is Negative in line with that of the Sovereign. At the same time, CI Ratings also affirms Ominvest's Long- and Short-Term ratings on the Oman National Scale at 'omAA-' and 'omA1', respectively, for the same reasons. The Outlook for these ratings is also Negative. 01 June 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3413 Turkey - Sovereign Ratings Lowered; Outlook Revised to Stable Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded Turkey's Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) to 'B+' from 'BB-'. 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 for all ratings has been revised to Stable from Negative. 29 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3412 National Bank of Greece - 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 (NBG) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed NBG's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating of 'b+', and Extraordinary Support Level (ESL) of Uncertain. The Outlook for the LT FCR and BSR is Stable. 27 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3411 Ratings of Eurobank Ergasias S.A. Withdrawn; New Ratings Assigned to Eurobank S.A. Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned Eurobank S.A. a Long-Term Foreign Currency Rating (LT FCR) of 'B+' and a Short-Term Foreign Currency Rating (ST FCR) of 'B'. Eurobank has also been assigned a Bank Standalone Rating (BSR) of 'b+', a Core Financial Strength (CFS) rating of 'bb-', and an Extraordinary Support Level (ESL) of Uncertain. The Outlook for the LT FCR and BSR is Stable. 22 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3410 International Development Bank for Investment & Finance - 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 International Development Bank for Investment and Finance (IDB) of 'B-' and 'B', respectively. The Outlook for the LT FCR is Stable. At the same time, CI Ratings has assigned to IDB a Bank Standalone Rating (BSR) of 'b-' with a Stable Outlook, a Core Financial Strength (CFS) rating of 'bb-', and an Extraordinary Support Level (ESL) of Uncertain. CI considers the likelihood of sufficient and timely official support being made available to IDB in the event of financial distress to be uncertain and, consequently, does not incorporate such support into the Bank's LT FCR. Moreover, even if the government may be willing to provide extraordinary support in case of need, its financial capacity to do so is limited as indicated by our internal assessment of Iraq sovereign credit risk. CI has also assigned IDB Long- and Short-Term Ratings on the Iraq National Scale of 'iqBBB+' and 'iqA2', respectively, with a Stable Outlook. These are supported and constrained by the same factors as the CFS as outlined below. 21 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3409 Qatar National 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 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. 18 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3408 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 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed QIB'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 and BSR remains Stable. 18 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3407 Lebanon - Sovereign Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Lebanon's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'SD' (selective default). At the same time, CI Ratings has affirmed the sovereign's Long-Term Local Currency Rating (LT LCR) at 'C-' and Short-Term Local Currency Rating (ST LCR) at 'C'. The Outlook for the LT LCR remains Negative. 15 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3406 National Bank of Kuwait - LT FCR and BSR Outlook Revised to Negative 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 National Bank of Kuwait (NBK) to Negative from Stable. At the same time, CI Ratings has affirmed NBK's LT FCR and Short-Term Foreign Currency (ST FCR) at 'AA-' and 'A1+', respectively. The Bank's BSR has also been affirmed at 'a-'. 13 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3405 Ratings of Doha Bank QSC Withdrawn Capital Intelligence Ratings (CI Ratings or CI) today announced that it has withdrawn the credit ratings and discontinued analytical coverage of Doha Bank QSC. The decision to withdraw the ratings has been taken by CI Ratings at the request of the Bank. The ratings of Doha Bank QSC at the time of withdrawal are listed below. 13 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3404 Arab Banking Corporation - Ratings Affirmed; Outlook Revised to Negative 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 Arab Banking Corporation (ABC) to Negative from Stable. At the same time, CI Ratings has affirmed the Bank's LT FCR and Short-Term Foreign Currency Rating (ST FCR) at 'BBB+' and 'A2', respectively. The BSR was also affirmed at 'bbb'. 12 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3403 Ratings of Ahli Bank (Oman) Lowered following Sovereign Rating Action Capital Intelligence Ratings (CI Ratings or CI) today announced that it has lowered the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Ahli Bank (AB) in Oman to 'BB+' and 'B', respectively, from 'BBB-' and 'A3'. The change follows the recent downgrade of Oman's sovereign ratings to 'BB+'/'B'/Negative (from 'BBB-'/'A3'/Negative). AB's Bank Standalone Rating (BSR) has also been lowered to 'bb' from 'bb+. , largely due to the deterioration in the operating environment as a result of the coronavirus (Covid-19) pandemic and the sharp drop in oil prices. For this reason, our Operating Environment Risk Anchor (OPERA) has also been adjusted to 'bb-' from 'bb'. The Outlook for both the LT FCR and BSR remains Negative. 12 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3402 Oman Arab Bank - Ratings Lowered; Outlook Remains Negative Capital Intelligence Ratings (CI Ratings or CI) today announced that it has lowered the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Oman Arab Bank (OAB) to 'BB+' and 'B', respectively, from 'BBB-' and 'A3'. At the same time, CI Ratings has lowered OAB's Bank Standalone Rating (BSR) to 'bb' from 'bb+'. The Outlook for the LT FCR and BSR remains Negative. 12 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3401 National Bank of Oman - Ratings Lowered; Outlook Remains Negative Capital Intelligence Ratings (CI Ratings or CI) today announced that it has lowered the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of National Bank of Oman (NBO) to 'BB+' and 'B', respectively, from 'BBB-' and 'A3'.  At the same time, CI Ratings has also lowered NBO's Bank Standalone Rating (BSR) to 'bb' from 'bb+'. The Outlook for the ratings remains Negative. 12 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3400 Alizz Islamic Bank – National Ratings Lowered; Outlook Remains Negative Capital Intelligence Ratings (CI Ratings or CI) has downgraded the Long-Term rating on the Oman National Scale of Alizz Islamic Bank (Alizz) to 'omA-' from 'omA+'. The Short-Term rating was also lowered to 'omA2' from 'omA1'. The Outlook on the ratings remains Negative. 12 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3399 Bank Muscat - Ratings Lowered; Outlook Remains Negative apital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Bank Muscat (BM) to 'BB+' and 'B', respectively, from 'BBB-' and 'A3'. At the same time, CI Ratings has lowered BM's BSR to 'bb+' from 'bbb-'. The Outlook for both the LT FCR and BSR remains Negative. 12 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3398 Ominvest - Corporate and National Ratings Lowered following Sovereign Rating Action; Outlook Remains Negative Capital Intelligence Ratings (CI Ratings or CI), today announced that it has lowered the Long- and Short-Term Corporate Ratings of Oman International Development and Investment Company (Ominvest) to 'BB+' and 'B', respectively, from 'BBB-' and 'A3'. The Outlook on the ratings remains Negative, in line with the sovereign Outlook. At the same time, CI Ratings has lowered Ominvest's Long- and Short-Term ratings on the Oman National Scale to 'omAA-' and 'omA1', respectively, from 'omAA+' and 'omA1+'. The Outlook for these ratings also remains Negative 12 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3397 Maalem Financing Company - Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Long- and Short-Term Corporate Ratings of Maalem Financing Company (MFC) at 'BB-' and 'B', respectively. The Outlook on the ratings remains Stable. 12 May 2020 Capital Intelligence http://www.ciratings.com/news/2020/06/02/3396 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 T.A.Ş at 'BB-' and 'B', respectively. At the same time, CI Ratings has affirmed Akbank's Bank Standalone Rating (BSR) of 'bb-'. The Outlook for the LT FCR and BSR remains Negative. 08 May 2020 Capital Intelligence