Commercial Bank of Iraq – Ratings Affirmed; CFS Raised

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Commercial Bank of Iraq's (CBIQ) 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. CI Ratings has also affirmed CBIQ's Bank Standalone Rating (BSR) of 'b-' with a Stable Outlook, and the Extraordinary Support Level (ESL) of High. CBIQ's Core Financial Strength (CFS) rating has however been raised to 'bb-' from 'b+'.

Attachments

• Rating Announcement (CRA)
  PDF Download Available
  
• Bank Rating Report (Iraq, Commercial Bank of Iraq)
  Purchase Available - View price list