Bank of Alexandria – Ratings Affirmed; CFS Raised

Overview

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 S.A.E. (Alexbank) at 'B' and 'B', respectively. At the same time, CI Ratings has affirmed the Bank Standalone Rating (BSR) of 'b' and Extraordinary Support Level (ESL) of High, but raised the Bank's Core Financial Strength (CFS) rating to 'bb+' (from 'bb'). The Outlook for the LT FCR and BSR remains Stable.

Attachments

• CI Ratings Announcement (CRA)
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• Bank Rating Report (Egypt, Bank of Alexandria)
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