Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2021/01/26/3573 Golden Group LLC OMR50mn Wakala Sukuk - National Rating Lowered to 'omBBB+' with a Negative Outlook Capital Intelligence Ratings (CI Ratings or CI) announced today that it has lowered the rating assigned to the OMR50mn Sukuk issued by Golden Sukuk L.L.C. (maturing February 2023) to 'omBBB+' from 'omA+'. The Outlook on the rating remains Negative. 26 January 2021 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3572 Export Development Bank of Egypt - 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 Export Development Bank of Egypt (EBE) at 'B+' and 'B', respectively. 26 January 2021 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3571 Al Mustashar Islamic 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 Al Mustashar Islamic Bank for Investment and Finance (MIB) of 'B-' and 'B', respectively. 26 January 2021 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3570 ICICI 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 ICICI Bank at 'BBB-' and 'A3', respectively. 25 January 2021 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3569 IDBI 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 IDBI Bank at 'BB' and 'B', respectively. 25 January 2021 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3568 Kuveyt Turk Katilim Bankasi - 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 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 Stable. 20 January 2021 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3567 Ratings of Piraeus Bank S.A. (now Piraeus Financial Holdings S.A.) Withdrawn; Ratings Assigned to New Piraeus Bank Following Completion of Demerger Capital Intelligence Ratings (CI Ratings or CI) today announced that it has withdrawn the ratings of Piraeus Bank S.A., which has been turned into a holding company and renamed Piraeus Financial Holdings S.A. (PFH). PFH is the new corporate denomination of the legacy rated entity Piraeus Bank S.A. following the hive down and demerger of its core banking activities and banking license into the new rated entity Piraeus Bank S.A. (PB), which was completed on 30 December 2020. 19 January 2021 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3566 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. 15 January 2021 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3565 IndusInd 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 IndusInd Bank (IIB) at 'BBB-' and 'A3', respectively. At the same time CI Ratings has affirmed IIB'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 Negative. 12 January 2021 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3564 Outlook on Saudi Bank FCRs Revised to Negative 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 nine Saudi Arabian banks to Negative from Stable. 11 January 2021 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3563 Turkiye Finans Katilim Bankasi - 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 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) of 'b' and Core Financial Strength (CFS) rating of 'b+'. The Outlook for the LT FCR and BSR remains Stable. 05 January 2021 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3562 National Industries Group Holding – Bond Ratings Affirmed; Outlooks Revised to Negative Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the ratings of National Industries Group Holding's (NIG) KWD25mn Senior Unsecured Bond (maturing December 2021) and KWD30mn Senior Unsecured Bond (maturing February 2025) at 'BBB' and 'BBB-', respectively. At the same time, CI Ratings has revised the Outlook for both ratings to Negative from Stable due to the impact of Covid-19 on the issuer's financial performance and financial flexibility. 23 December 2020 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3561 Jordan Ahli Bank’s 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 Jordan Ahli Bank (JAB) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed JAB'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 Stable. 22 December 2020 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3560 Saudi Arabia - Sovereign Ratings Affirmed; Outlook Revised to Negative 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 Negative from Stable. At the same time, the sovereign's LT FCR and LT LCR have been affirmed at 'A+', while its Short-Term Foreign Currency Rating (ST FCR) and Short-Term Local Currency Rating (ST LCR) have been affirmed at 'A1'. 18 December 2020 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3559 Bank of Cyprus - 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 (ST FCR) of Bank of Cyprus (BoC) at 'BB-' and 'B', respectively. At the same time, CI Ratings has affirmed BoC's Bank Standalone Rating (BSR) of 'bb-', Core Financial Strength (CFS) rating of 'bb-', and Extraordinary Support Level (ESL) of Uncertain. The Outlook for the LT FCR and BSR is Stable. 16 December 2020 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3558 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 Şekerbank (ŞB) at 'B-' and 'B', respectively. At the same time, CI Ratings has affirmed ŞB's Bank Standalone Rating (BSR) of 'b-' and Core Financial Strength (CFS) rating of 'b-'. The Outlook for the LT FCR and BSR remains Negative. 16 December 2020 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3557 Kuwait Financial Centre Debenture Bond - Rating Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the 'BBB' rating for Kuwait Financial Centre's (Markaz) KWD25mn Debenture Bond. The Outlook on the rating remains Stable. 15 December 2020 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3556 Arab Tunisian Bank – Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency (ST FCR) of Arab Tunisian Bank (ATB) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed ATB'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 ratings remains Stable. 14 December 2020 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3555 Albaraka Turk - Ratings Affirmed; Outlook Revised to Stable 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 Albaraka Türk Katılım Bankası A.Ş. (ATKB) to Stable from Negative. At the same time, the Bank's LT FCR and Short-Term Foreign Currency Rating (ST FCR) were affirmed at 'B' and 'B', respectively. The Bank's BSR of 'b' and Core Financial Strength (CFS) rating of 'b' were also affirmed. 11 December 2020 Capital Intelligence http://www.ciratings.com/news/2021/01/26/3554 Cairo Amman 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 Cairo Amman Bank (CAB) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed CAB'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 is Stable. 10 December 2020 Capital Intelligence