Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2025/07/27/4589 National Industries Group Holding – KWD40mn Senior Unsecured Bond Rating Affirmed, with a Stable Outlook Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Issue Rating of 'BBB-' assigned to the KWD40mn senior unsecured bond maturing in 2027 issued by National Industries Group Holding (NIGH). The Outlook on the rating is Stable. 23 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4588 Askari Bank Limited – 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 Askari Bank Limited (ABL or the Bank) at 'C+' and 'C', respectively. At the same time, CI Ratings has affirmed ABL's Bank Standalone Rating (BSR) of 'c', Core Financial Strength (CFS) rating of 'b' and Extraordinary Support Level (ESL) of Uncertain. The Outlook for all ratings is Stable. 22 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4587 Qatar – Sovereign 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 LT Local Currency Rating (LT LCR) of Qatar at 'AA'. 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 Stable. 18 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4586 United Gulf Bank – Ratings and Stable 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 United Gulf Bank (UGB or the Bank) at 'BBB' and 'A3', respectively. The LT FCR Outlook remains Stable. At the same time, CI Ratings has affirmed UGB's Bank Standalone Rating (BSR) of 'bbb-' with a Stable Outlook. The Core Financial Strength (CFS) of 'bbb-' and Extraordinary Support Level (ESL) of Moderate are maintained. 17 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4585 United Arab Emirates – Sovereign 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 LT Local Currency Rating (LT LCR) of the United Arab Emirates (UAE) at 'AA-'. At the same time, CI Ratings has affirmed the sovereign's Short-Term FCR (ST FCR) and ST LCR at 'A1+'. The Outlook for the ratings remains Stable. 11 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4584 Garanti 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 Garanti BBVA (Garanti or the Bank) at 'BB-' and 'B', respectively. At the same time, CI Ratings has affirmed Garanti's Bank Standalone Rating (BSR) of 'bb-', Core Financial Strength (CFS) rating of 'bb+' and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR remains Stable. 11 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4583 Bank Muscat – 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 Bank Muscat (BM or the Bank) at 'BBB-' and 'A3', respectively. The Outlook for the LT FCR remains Positive. At the same time, CI Ratings has affirmed BM's Bank Standalone Rating (BSR) of 'bbb-', Core Financial Strength (CFS) rating of 'bbb' and Extraordinary Support Level (ESL) of High. The BSR Outlook remains Stable. 10 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4582 Kurdistan International Islamic Bank – LT FCR Rating 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 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-'). 10 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4581 Correction: Sharjah Islamic 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 Sharjah Islamic Bank (SIB or the Bank) at 'A-' and 'A2', respectively. At the same time, CI Ratings has affirmed SIB's Bank Standalone Rating (BSR) of 'bbb-', Core Financial Strength (CFS) rating of 'bb+', and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR remains Stable. 07 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4580 Al Mustashar Islamic Bank – Ratings Withdrawn Capital Intelligence Ratings (CI Ratings or CI) today announced that it has withdrawn the credit ratings of Al Mustashar Islamic Bank for Investment and Finance (MIB or the Bank). The Bank's ratings had been initially suspended on 29 January 2025 due to the lack of up-to-date financial data. The requested financial data from MIB have still not been forthcoming since the ratings suspension despite repeated requests. Accordingly, CI has withdrawn the ratings and outlook and ceased analytical coverage of MIB. 03 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4579 Capital Bank of Jordan – 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 Capital Bank of Jordan (CAP) at 'BB-' and 'B', respectively. The LT FCR Outlook remains Stable. At the same time, CI Ratings has affirmed CAP's Bank Standalone Rating (BSR) of 'bb-' with a Stable Outlook, Core Financial Strength (CFS) rating of 'bb' and Extraordinary Support Level (ESL) of Moderate. 02 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4578 Jordan Commercial 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 Jordan Commercial Bank (JCB) at 'BB-' and 'B', respectively. The LT FCR Outlook remains Stable. At the same time, CI Ratings has affirmed JCB's Bank Standalone Rating (BSR) of 'bb-' with a Stable Outlook, Core Financial Strength (CFS) rating of 'bb-' and Extraordinary Support Level (ESL) of Moderate. 02 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4577 Bank al Etihad – 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 Bank Al Etihad (BAE) at 'BB-' and 'B', respectively. The LT FCR Outlook remains Stable. At the same time, CI Ratings has affirmed BAE's Bank Standalone Rating (BSR) of 'bb-' with a Stable Outlook, Core Financial Strength (CFS) rating of 'bb+' and Extraordinary Support Level (ESL) of Moderate. 02 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4576 Cairo Amman Bank – Foreign Currency Ratings Affirmed; CFS Lowered 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 Cairo Amman Bank (CAB or the Bank) at 'BB-' and 'B', respectively. The LT FCR Outlook remains Stable. At the same time, CI Ratings has lowered CAB's Core Financial Strength (CFS) rating to 'bb-', and affirmed the BSR of 'bb-' with a Negative Outlook. The Bank's Extraordinary Support Level (ESL) remains Moderate. 01 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4575 Bank ABC Jordan – Ratings Affirmed; CFS Lowered 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 ABC Jordan (Bank ABC) at 'BB-' and 'B', respectively. The LT FCR Outlook remains Stable. At the same time, CI Ratings has affirmed Bank ABC's BSR of 'bb-' with a Stable Outlook, and the Extraordinary Support Level (ESL) of High, but lowered the Core Financial Strength (CFS) rating to 'bb' (from 'bb+'). 01 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4574 Arab Jordan 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 Arab Jordan Investment Bank (AJIB or the Bank) at 'BB-' and 'B', respectively. At the same time, CI Ratings has affirmed AJIB's Bank Standalone Rating (BSR) of 'bb-', Core Financial Strength (CFS) rating of 'bb+' and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR remains Stable. 01 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4573 Housing Bank for Trade and Finance - 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 Housing Bank for Trade and Finance (HBTF or the Bank) at 'BB-' and 'B', respectively. At the same time, CI Ratings has affirmed HBTF's Bank Standalone Rating (BSR) of 'bb-', Core Financial Strength (CFS) rating of 'bbb-' and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR remains Stable. 01 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4572 Arab Bank PLC – 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 Arab Bank plc (AB) at 'BB-' and 'B', respectively. The LT FCR Outlook remains Stable. At the same time, CI Ratings has affirmed AB's Bank Standalone Rating (BSR) of 'bb-' with a Stable Outlook, Core Financial Strength (CFS) rating of 'bbb-' and Extraordinary Support Level (ESL) of Moderate. 01 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4571 Industrial Bank of Kuwait - 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 Industrial Bank of Kuwait (IBK) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed both the Bank Standalone Rating (BSR) and Core Financial Strength (CFS) at 'bbb+'. The Outlook for the LT FCR and BSR remains Stable. 01 July 2025 Capital Intelligence http://www.ciratings.com/news/2025/07/27/4570 United Arab Bank; Core Financial Strength Raised and Other Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Core Financial Strength (CFS) rating of United Arab Bank (UAB or the Bank) to 'bb+' from 'bb'. At the same time, CI Ratings has affirmed UAB's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of 'BBB+' and 'A2', respectively, Bank Standalone Rating (BSR) of 'bbb-' and Extraordinary Support Level (ESL) of High. The Outlook on the LT FCR and BSR remains Stable. 01 July 2025 Capital Intelligence