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Capital IntelligenceCapital Intelligence
http://www.ciratings.com/news/2024/04/20/4305
Burgan Bank – Initial Rating Assigned to Perpetual Additional Tier 1 Bond (up to KWD154mn) Capital Intelligence Ratings (CI Ratings or CI) has assigned a first-time issue rating of 'BBB-' to Burgan Bank's (BB) proposed up to KWD154mn Basel III-compliant Perpetual Additional Tier 1 Bond. The bonds are to be issued by private placement. The Outlook assigned to the rating is Stable.19 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4304
Banque Saudi Fransi - 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 Banque Saudi Fransi (BSF) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed BSF'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.17 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4303
Bahrain – Sovereign Ratings Affirmed with a Stable OutlookCapital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Bahrain's Long-Term Foreign Currency Rating (LT FCR) and LT Local Currency Rating (LT LCR) at 'B+'. At the same time, CI Ratings has affirmed the sovereign's Short-Term FCR (ST FCR) and ST LCR at 'B'. The Outlook remains Stable.12 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4302
Bank Pekao – 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 Bank Pekao at 'A-' and 'A2', respectively. At the same time, CI Ratings has affirmed Bank Pekao's Bank Standalone Rating (BSR) of 'bbb+', Core Financial Strength (CFS) rating of 'bbb+', and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Stable.12 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4301
PKO Bank Polski – 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 PKO Bank Polski (PKO) at 'A-' and 'A2', respectively. The Outlook for the LT FCR remains Stable. At the same time, CI Ratings has affirmed PKO's Bank Standalone Rating (BSR) of 'a-' with a Stable Outlook, Core Financial Strength (CFS) rating of 'a-', and Extraordinary Support Level (ESL) of Uncertain.12 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4300
Al Janoob Islamic Bank – Ratings Suspended Capital Intelligence Ratings (CI Ratings or CI) today announced that it has suspended the credit ratings of Al Janoob Islamic Bank (JIB) due to the lack of up-to-date financial data. At the time of suspension, the Bank's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) were 'B-' and 'B', respectively.10 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4299
Iraqi Islamic Bank for Investment and Development – Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Iraqi Islamic Bank for Investment and Development's (IIB) Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of 'B-' and 'B', respectively. The Outlook for the LT FCR remains Stable. CI Ratings has also affirmed IIB'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.09 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4298
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. The LT FCR Outlook remains Positive. At the same time, CI Ratings has affirmed CAP's Bank Standalone Rating (BSR) of 'b+' with a Stable Outlook, Core Financial Strength (CFS) rating of 'bb', and Extraordinary Support Level (ESL) of Moderate.04 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4297
Bank Millennium – Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Bank Millennium S.A.'s (BM) Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'BBB-' and 'A3', respectively. At the same time, CI Ratings has affirmed BM's Bank Standalone Rating (BSR) of 'bbb-', Core Financial Strength (CFS) rating of 'bb+', and Extraordinary Support Level (ESL) of Uncertain. The Outlook for the LT FCR and BSR remains Stable.03 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4296
mBank – Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed mBank's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'BBB' and 'A2', respectively. At the same time, CI Ratings has affirmed the Bank Standalone Rating (BSR) of 'bbb', Core Financial Strength (CFS) rating of 'bbb', and Extraordinary Support Level (ESL) of Uncertain. The Outlook for the LT FCR and BSR is Stable.03 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4295
Qatar National Bank – Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that 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.03 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4294
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 'AA-' and 'A1+', respectively. At the same time, CI Ratings has affirmed QIB's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating of 'a-', as well as the extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR is Stable.03 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4293
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.03 April 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4292
Cyprus – Outlook Revised to Positive; Sovereign Ratings AffirmedCapital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Republic of Cyprus' Long-Term Foreign Currency Rating (LT FCR) to Positive from Stable. At the same time, CI Ratings has affirmed the sovereign's LT FCR and Short-Term FCR (ST FCR) at 'BBB-' and 'A3', respectively.29 March 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4291
National Bank of Oman - LT FCR and BSR Raised due to Improving Sovereign and Operating Environment RiskCapital Intelligence Ratings (CI Ratings or CI) today announced that it has raised National Bank of Oman's (NBO) Long-Term Foreign Currency Rating (LT FCR) to 'BB+' from 'BB and the Bank Standalone Rating (BSR) to 'bb+' from 'bb'. The Outlook for the LT FCR and BSR has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'.28 March 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4290
Oman Arab Bank - LT FCR and BSR Raised due to Improving Sovereign and Operating Environment RiskCapital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Oman Arab Bank's (OAB) Long-Term Foreign Currency Rating (LT FCR) to 'BB+' from 'BB' and the Bank Standalone Rating (BSR) to 'bb+' from 'bb'. The Outlook for the LT FCR and BSR has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'.28 March 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4289
Bank Muscat - LT FCR and BSR Raised due to Improving Sovereign and Operating Environment RiskCapital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Bank Muscat's (BM) Long-Term Foreign Currency Rating (LT FCR) to 'BB+' from 'BB' and the Bank Standalone Rating (BSR) to 'bb+' from 'bb'. The Outlook for the LT FCR and BSR has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'.28 March 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4288
Alizz Islamic Bank – Long-Term National Scale Rating Raised due to Improving Sovereign and Operating Environment RiskCapital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Alizz Islamic Bank's (AIB) Long-Term Rating on the Oman National Scale to 'omAAA' from 'omAA'. The Outlook for the rating has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'.28 March 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4287
Ominvest – Long-Term International and National Ratings Raised due to Improving Sovereign and Operating Environment RiskCapital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Long-Term Foreign Currency Rating (LT FCR) of Oman International Development and Investment Company (Ominvest) to 'BB+' from 'BB'. This follows the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'.28 March 2024Capital Intelligence
http://www.ciratings.com/news/2024/04/20/4286
Ahli Bank (Oman) LT FCR and BSR Raised due to Improving Sovereign and Operating Environment RiskCapital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Ahli Bank's (AB) Long-Term Foreign Currency Rating (LT FCR) to 'BB+' from 'BB' and the Bank Standalone Rating (BSR) to 'bb+' from 'bb'. The Outlook for the LT FCR and BSR has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'.28 March 2024Capital Intelligence