Kurdistan International Islamic Bank – LT FCR Rating Affirmed

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 Kurdistan International Islamic Bank for Investment and Development's (KIB or the Bank) at 'B-' and 'B', respectively. The LT FCR Outlook is Stable. CI Ratings has also affirmed KIB's Bank Standalone Rating (BSR) of 'b-' with a Stable Outlook, and the Extraordinary Support Level (ESL) of Uncertain. The Core Financial Strength (CFS) rating is lowered to 'b+' (from 'bb-').

Attachments

• CI Ratings Announcement (CRA)
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• Bank Rating Report (Iraq, Kurdistan International Islamic Bank)
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