Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2021/06/19/3658 Commercial 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 Commercial Bank of Kuwait (ComBK) at ‘A+’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed ComBK’s Bank Standalone Rating (BSR) of ‘bbb+’ and Core Financial Strength (CFS) rating of ‘bbb+’. The Outlook for the LT FCR and BSR is Stable. 17 June 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3657 Gulf 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 Gulf Bank (GB) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed GB'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. 16 June 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3656 Al Rajhi Banking and 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. The Outlook for the LT FCR is Negative, reflecting a similar outlook on the sovereign. At the same time, CI Ratings has affirmed ARB's BSR of 'a-', with a Stable Outlook, Core Financial Strength (CFS) rating of 'a-', and Extraordinary Support Level (ESL) of High. 15 June 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3655 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. 15 June 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3654 Jordan - Sovereign Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Jordan's Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) at 'B+'. At the same time, the sovereign's Short-Term Foreign Currency Rating (ST FCR) and Short-Term Local Currency Rating (ST LCR) have been affirmed at 'B'. The Outlook for the ratings remains Stable. 11 June 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3653 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+' and Core Financial Strength (CFS) rating of 'bbb+'. The Outlook for the LT FCR and BSR remains Stable. 09 June 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3652 National Bank of Bahrain - 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 National Bank of Bahrain B.S.C. (NBB) at 'BB-' and 'B', respectively. At the same time, CI Ratings has affirmed NBB's Bank Standalone Rating (BSR) at 'bb-'. The Outlook for the LT FCR and BSR remains Negative, in line with the Outlook assigned to Bahrain's sovereign ratings. 03 June 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3651 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. The Outlook for the LT FCR is Negative. At the same time, CI Ratings has affirmed RB's Bank Standalone Rating (BSR) of 'bbb+' with a Stable Outlook, Core Financial Strength (CFS) rating of 'bbb+', and Extraordinary Support Level (ESL) of High. 03 June 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3650 Gulf Bank's KWD100mn Subordinated Bond Issue Rating Withdrawn Due to Early Redemption Capital Intelligence (CI Ratings or CI) today announced that it has withdrawn the 'BBB+' issue rating assigned to Gulf Bank's KWD100mn Tier 2 Subordinated bond. The Bank has exercised the call option and this issue was redeemed on 30 May 2021. The Outlook on the rating was Stable. 02 June 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3649 CamGSM (Cellcard) - Issuer Ratings Withdrawn Capital Intelligence Ratings (CI Ratings or CI) has withdrawn the Issuer ratings and discontinued analytical coverage of CamGSM (Cellcard). 02 June 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3648 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 the BB’s Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating of ‘bbb’ and ‘bbb’, respectively. The Outlook for the LT FCR and BSR is Stable. 27 May 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3647 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) of 'b+', 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 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3646 International Development Bank for Investment and 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. 26 May 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3645 Burgan Bank - Ratings Affirmed; Outlook Remains Stable Capital Intelligence Ratings (CI Ratings or CI) 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. (BB) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed the BB's Bank Standalone Rating (BSR) of 'bbb+', Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of High. 25 May 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3644 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. 21 May 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3643 Turkey - Sovereign Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Turkey'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 for the ratings remains Stable. 21 May 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3642 Eurobank S.A. - 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 Eurobank S.A. (Eurobank) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed the Bank'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 Stable. 21 May 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3641 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. 20 May 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3640 Saudi Investment 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 Saudi Investment Bank (SAIB) at 'A-' and 'A2', respectively. The Outlook for the LT FCR is Negative. At the same time, CI Ratings has affirmed SAIB's Bank Standalone Rating (BSR) of 'bbb', with a Stable Outlook, Core Financial Strength (CFS) rating of 'bbb-', and Extraordinary Support Level (ESL) of High. 19 May 2021 Capital Intelligence http://www.ciratings.com/news/2021/06/19/3639 Bank Muscat - 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 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. 18 May 2021 Capital Intelligence