Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2024/06/18/4344 Saudi Arabia - Ratings Affirmed; Outlook Remains Positive Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Saudi Arabia's Long-Term Foreign Currency Rating (LT FCR) and LT Local Currency Rating (LT LCR) at 'A+'. At the same time, CI Ratings has affirmed the sovereign's Short-Term (ST) FCR and ST LCR at 'A1'. The Outlook on the ratings remains Positive. 14 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4343 First Abu Dhabi 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 First Abu Dhabi Bank (FAB) at 'AA-' and 'A1+', respectively. At the same time, CI Ratings has affirmed FAB's Bank Standalone Rating (BSR) of 'a-', Core Financial Strength (CFS) rating of 'a-', and Extraordinary Support Level (ESL) of Very High. The Outlook for all ratings is Stable. 14 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4342 Ominvest - 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 FCR (ST FCR) Oman International Development and Investment Company (Ominvest) at 'BB+' and 'B', respectively. The Outlook for the LT FCR remains Stable. Ominvest's International FCRs and Outlook remain in line with those of the Omani sovereign ('BB+'/'B'/ Stable). At the same time, CI Ratings has affirmed Ominvest's Long-Term National Rating at 'omAAA' with a Stable Outlook, and the Short-Term National Rating at 'omA1+'. 13 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4341 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+', Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR has been maintained at Stable. 13 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4340 Kuwait Finance House - 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 Kuwait Finance House (KFH) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed KFH's Bank Standalone Rating (BSR) of 'bbb', Core Financial Strength (CFS) rating of 'bbb+', and Extraordinary Support Level (ESL) of Very High. The Outlook for the LT FCR and BSR remains Stable. 13 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4339 Mohammed Al Barwani New Sukuk Issuance SPC - ‘omBBB’ Issue Rating Confirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the issue rating on the Oman National Scale of 'omBBB' assigned to the OMR30.1mn five-year Wakala Sukuk issued by Mohammed Al Barwani New Sukuk Issuance SPC (the issuer) in June 2023. The Outlook assigned to the rating remains Stable. The issuer is a sole proprietor company incorporated in Oman by Mohammed Al Barwani LLC Group (MB) – the Obligor – for the purpose of issuing the sukuk certificates. 13 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4338 The Saudi National 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 National Bank (SNB) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed SNB's Bank Standalone Rating (BSR) of 'a-', Core Financial Strength (CFS) rating of 'a-' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR remains Positive. The BSR remains on a Stable Outlook. 12 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4337 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 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed NBB's Bank Standalone Rating (BSR) at 'b+'. The Outlook for the LT FCR and BSR remains Stable, in line with the Outlook assigned to Bahrain's sovereign ratings. The Bank's Core Financial Strength (CFS) rating is affirmed at 'bbb-'. 11 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4336 Commercial Bank of Dubai - 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 Bank of Dubai (CBD) at 'A-' and 'A2', respectively. At the same time, CI Ratings has affirmed CBD'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 is Stable. 07 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4335 Gulf Bank – Issuer and Issue Ratings Affirmed with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Gulf Bank's (GB) Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'A+' and 'A1', respectively. GB's Bank Standalone Rating (BSR) of 'a-', Core Financial Strength (CFS) rating of 'a-', and Extraordinary Support Level (ESL) of High have also been affirmed. The Outlook for the LT FCR and BSR remains Stable. CI Ratings has also affirmed the issue rating on GB's KWD50mn Basel III-compliant Tier 2 Subordinated bond at 'BBB+' with a Stable Outlook. The local currency bond comprises a KWD25mn Floating Rate Tranche and a KWD25mn Fixed Rate Tranche. 06 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4334 Jordan – Ratings Upgraded; Outlook Revised to Stable Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded Jordan's Long-Term Foreign Currency Rating (LT FCR) and LT Local Currency Rating (LT LCR) to 'BB-', from 'B+'. At the same time, CI Ratings has affirmed the sovereign's Short-Term (ST) FCR and ST LCR at 'B'. The Outlook on the ratings has been revised to Stable from Positive. 31 May 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4333 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. 31 May 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4332 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+', Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR has been maintained at Stable. CI Ratings has also affirmed the issue ratings assigned to the Bank's Basel III-compliant Tier 2 subordinated bonds at 'BBB' with a Stable Outlook. 30 May 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4331 Oman Arab Bank - Ratings Affirmed with a Positive 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 Oman Arab Bank (OAB) at 'BB+' and 'B', respectively. At the same time, CI Ratings has affirmed OAB's Bank Standalone Rating (BSR) of 'bb+', Core Financial Strength (CFS) rating of 'bbb-' and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Stable. 30 May 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4330 National Bank of Oman - 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 Oman (NBO) at 'BB+' and 'B', respectively. At the same time, CI Ratings has affirmed NBO's Bank Standalone Rating (BSR) of 'bb+', Core Financial Strength (CFS) rating of 'bbb-' and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Stable. 30 May 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4329 International Development Bank for Investment and Finance 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. 23 May 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4328 Jordan Commercial Bank - Ratings Affirmed with a Positive 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 Jordan Commercial Bank (JCB) at 'B+' and 'B', respectively. The Outlook for the LT FCR remains Positive. At the same time, CI Ratings has affirmed JCB's Bank Standalone Rating (BSR) of 'b+' with a Stable Outlook, Core Financial Strength (CFS) rating of 'bb-', and Extraordinary Support Level (ESL) of Moderate. 21 May 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4327 Bank Al Etihad - Ratings and Positive Outlook 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 Bank Al Etihad (BAE) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed BAE's Bank Standalone Rating (BSR) of 'b+', Core Financial Strength (CFS) rating of 'bb+', and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR remains Positive. 21 May 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4326 Turkiye – Outlook Revised to Positive; Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on Turkiye's Long-Term Foreign Currency Rating (LT FCR) and LT Local Currency Rating (LT LCR) to Positive from Stable. At the same time, CI Ratings has affirmed the sovereign's LT FCR and LT LCR at 'B', and the Short-Term (ST) FCR and ST LCR at 'B'. 17 May 2024 Capital Intelligence http://www.ciratings.com/news/2024/06/18/4325 Ratings of Certain Greek Banks Withdrawn for Business Reasons Capital Intelligence Ratings (CI Ratings or CI) today announced that it has withdrawn the credit ratings and discontinued analytical coverage of several banks in Greece. The decision to withdraw the ratings, all of which were unsolicited, has been taken by CI for business reasons and does not reflect a change in the creditworthiness of the rated entities. The banks and their ratings at the time of withdrawal are listed below. 17 May 2024 Capital Intelligence