Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2021/11/27/3774 Turkey - Outlook Revised to Negative Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on Turkey'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 'B+', while its Short-Term Foreign Currency Rating (ST FCR) and Short-Term Local Currency Rating (ST LCR) have been affirmed at 'B'. 26 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3773 State Bank of India - Ratings Affirmed; Outlook Revised to Stable from 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 State Bank of India (SBI) to Stable from Negative.  At the same time, CI Ratings has affirmed SBI's LT FCR and Short-Term Foreign Currency Rating (ST FCR) at 'BBB-' and 'A3', respectively. SBI's Bank Standalone Rating (BSR) of 'bb', Core Financial Strength (CFS) rating of 'bb' and Extraordinary Support Level (ESL) of High have also been affirmed. 26 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3772 Amen Bank - Ratings Affirmed; Outlook Revised to 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 Amen Bank (Amen) at 'B' and 'B', respectively. However, the Outlook for the LT FCR has been revised to Negative from Stable. At the same time, CI Ratings has affirmed Amen's Bank Standalone Rating (BSR) at 'b' but revised the BSR Outlook to Negative from Stable. The Bank's Core Financial Strength (CFS) of 'bb-' and Extraordinary Support Level (ESL) of Uncertain have both been affirmed. 25 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3771 Bank ABC Jordan - 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 Arab Banking Corporation Jordan (Bank ABC) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed Bank ABC's Bank Standalone Rating (BSR) of 'b+', Core Financial Strength (CFS) rating of 'bb+', and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR is Stable. 24 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3770 Bank of Alexandria - 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 of Alexandria (Alexbank) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed Alexbank's Bank Standalone Rating (BSR) of 'b+', Core Financial Strength (CFS) rating of 'bb' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR remains Stable. 24 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3769 Korea Development Bank - Ratings Affirmed with a Stable Outlook Capital Intelligence (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 Korea Development Bank (KDB) at 'A+' and 'A1' respectively. At the same time, CI Ratings has affirmed KDB's Bank Standalone Rating (BSR) of 'a+' and Core Financial Strength (CFS) rating of 'a+'. The Outlook for the LT FCR and BSR is Stable. 24 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3768 Arab Bank Plc - 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 Arab Bank Plc (AB) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed AB's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating at 'b+' and 'bbb-', respectively. The Outlook for the LT FCR and BSR remains Stable. 23 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3767 Banque de Tunisie - Ratings Lowered; Outlook Revised to Negative from Stable Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) of Banque de Tunisie (BT) to 'B' from 'B+' and affirmed the Short-Term Foreign Currency Rating (ST FCR) at 'B'. The Outlook for the LT FCR has been revised to Negative from Stable. At the same time, CI Ratings has lowered BT's Bank Standalone Rating (BSR) to 'b' from 'b+' and revised the BSR Outlook to Negative from Stable. The Bank's Core Financial Strength (CFS) rating of 'bb' and Extraordinary Support Level (ESL) of Moderate have both been affirmed. 19 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3766 Attijari Bank - Ratings Lowered; Outlook Revised to Negative from Stable Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) of Attijari Bank (AB) to 'B' from 'B+' and affirmed the Short-Term Foreign Currency Rating (ST FCR) at 'B'. The Outlook for the LT FCR has been revised to Negative from Stable. At the same time, CI Ratings has lowered AB's Bank Standalone Rating (BSR) to 'b' from 'b+' and the Core Financial Strength (CFS) rating to 'bb' from 'bb+'. The BSR Outlook has also been revised to Negative from Stable. The Extraordinary Support Level (ESL) of Moderate has been affirmed. 19 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3765 Union Bancaire pour le Commerce et l'Industrie - Outlook Revised to Negative from Stable 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 Union Bancaire pour le Commerce et I'Industrie (UBCI) at 'B' and 'B', respectively. However, the Outlook for the LT FCR has been revised to Negative from Stable. At the same time, CI Ratings has affirmed UBCI's Bank Standalone Rating (BSR) at 'b' but revised the BSR Outlook to Negative from Stable. The Bank's Core Financial Strength (CFS) rating of 'bb-' and Extraordinary Support Level (ESL) of Uncertain have both been affirmed. 18 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3764 Ahli United 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 Ahli United Bank B.S.C. (AUB) at 'A-' and 'A2', respectively. At the same time, CI Ratings has affirmed AUB's Bank Standalone Rating (BSR) of 'bbb+'. The Outlook for the LT FCR and BSR remains Stable. 18 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3763 Societe Tunisienne de Banque - LT FCR Downgraded; Outlook Revised to Negative from Stable Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) of Société Tunisienne de Banque (STB) to 'B' from 'B+' and affirmed the Short-Term Foreign Currency Rating (ST FCR) at 'B'. The Outlook for the LT FCR has been revised to Negative from Stable. At the same time, CI Ratings has affirmed STB's Bank Standalone Rating (BSR) at 'b' but revised the BSR Outlook to Negative from Stable. The Bank's Core Financial Strength (CFS) rating of 'b+' and Extraordinary Support Level (ESL) of Moderate have both been affirmed. 16 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3762 Banque Nationale Agricole - LT FCR Downgraded; Outlook Revised to Negative from Stable Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) of Banque Nationale Agricole (BNA) to 'B' from 'B+' and affirmed the Short-Term Foreign Currency Rating (ST FCR) at 'B'. The Outlook for the LT FCR has been revised to Negative from Stable. At the same time, CI Ratings has affirmed BNA's Bank Standalone Rating (BSR) at 'b' but revised the BSR Outlook to Negative from Stable. The Bank's Core Financial Strength (CFS) rating of 'b+' and Extraordinary Support Level (ESL) of Moderate have both been affirmed. 16 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3761 Commercial International 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 Commercial International Bank (Egypt) SAE (CIB) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed CIB's Bank Standalone Rating (BSR) of 'b+', Core Financial Strength (CFS) rating of 'bbb-' and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR remains Stable. 16 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3760 Request for Comments: NBFI Rating Methodology Capital Intelligence Ratings (CI Ratings or CI) is requesting feedback from rated entities, subscribers, other stakeholders, and market participants on its proposed Non-Bank Financial Institutions Rating Methodology, which has been posted on its website today. 16 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3759 Request for Comments: Parent-Subsidiary Considerations in the Determination of Corporate and NBFI Credit Ratings Capital Intelligence Ratings (CI Ratings or CI) is requesting feedback from rated entities, subscribers, other stakeholders, and market participants on its proposed cross-sector rating criteria Parent-Subsidiary Considerations in the Determination of Corporate and NBFI Credit Ratings, which has been posted on its website today. 16 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3758 National Finance Company - Oman National Scale Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Corporate Rating on the Oman National Scale of National Finance Company SAOG (NFC) at 'omA-', and the Short-Term Corporate Rating on the same scale at 'omA2'. The Outlook on the ratings remains Stable. 16 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3757 Industrial Bank of Korea - Ratings Affirmed; Outlook Remains Stable Capital Intelligence (CI Ratings) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Industrial Bank of Korea (IBK) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed both IBK's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating of 'a+'. The Outlook for the ratings remains Stable. 15 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3756 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) and Short-Term Local Currency Rating (ST LCR) at 'C-' and 'C', respectively. The Outlook for the LT LCR remains Negative. 12 November 2021 Capital Intelligence http://www.ciratings.com/news/2021/11/27/3755 Banque Internationale Arabe de Tunisie - Ratings Downgraded; Outlook Revised to Negative from Stable Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) of Banque Internationale Arabe de Tunisie (BIAT) to ‘B’ from ‘B+’, and affirmed the Short-Term Foreign Currency Rating (ST FCR) at ‘B’. The Outlook for the LT FCR has been revised to Negative from Stable. At the same time, CI Ratings has lowered BIAT’s Bank Standalone Rating (BSR) to ‘b’ from ‘b+’ and revised the BSR Outlook to Negative from Stable. The Bank’s Core Financial Strength (CFS) rating of ‘bb’ and Extraordinary Support Level (ESL) of Moderate have both been affirmed. 11 November 2021 Capital Intelligence