http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2024/07/27/4362 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 Attijariwafa Bank (AWB) at 'BB+' and 'B', respectively. At the same time, CI Ratings has affirmed AWB's Bank Standalone Rating (BSR) at 'bb', and the Core Financial Strength (CFS) rating at 'bb+'. The Outlook for the LT FCR and BSR remains Stable. 26 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4361 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'. The sovereign's Short-Term (ST) FCR and ST LCR have been affirmed at 'A1+'. The Outlook for the ratings remains Stable. 19 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4360 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) 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 Extraordinary Support Level (ESL) of Moderate is maintained. 18 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4359 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 the Philippine Islands (BPI) at 'BBB' and 'A3', respectively. At the same time, CI Ratings has affirmed BPI'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. 18 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4358 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 (Alexbank) at 'B' and 'B', respectively. At the same time, CI Ratings has affirmed Alexbank's Bank Standalone Rating (BSR) of 'b', Core Financial Strength (CFS) rating of 'bb', and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR remains Negative. 17 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4357 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. 12 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4356 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Garanti BBVA (Garanti) at 'B' and 'B' respectively. At the same time, CI Ratings has affirmed Garanti's Bank Standalone Rating (BSR) of 'b', Core Financial Strength (CFS) rating of 'bb+' and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR remains Positive. 12 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4355 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Kurdistan International Islamic Bank for Investment and Development's (KIB) 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 KIB'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. At the same time, CI has affirmed KIB's Long- and Short-Term Ratings on the Iraq National Scale of 'iqBBB' and 'iqA3', respectively, with a Stable Outlook. These are supported and constrained by the same factors as the CFS as outlined below. 11 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4354 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded 12 Jordanian banks' Long-Term Foreign Currency Ratings (LT FCRs) and Bank Standalone Ratings (BSRs). The Outlook on the LT FCRs and BSRs of these banks is Stable. At the same time, CI Ratings has affirmed the Short-Term (ST) FCRs, Core Financial Strength (CFS) ratings, and Extraordinary Support Levels (ESLs) of the 12 banks at their existing level. 02 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4353 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 IBK's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating at 'bbb+'. The Outlook for the LT FCR and BSR remains Stable. 02 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4352 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised United Arab Bank's (UAB) Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) to 'BBB+' and 'bbb-', respectively, from 'BBB' and 'bb+'. At the same time, CI Ratings has affirmed the Bank's Short-Term Foreign Currency Rating (ST FCR) at 'A2'. The Outlook for the LT FCR and BSR is revised to Stable from Positive. CI Ratings has also raised UAB's Core Financial Strength (CFS) rating to 'bb' from 'bb-'. The Extraordinary Support Level (ESL) of High is affirmed. 02 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4351 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned an issue rating of 'BBB' to the KWD50mn Basel III-compliant Tier 2 subordinated unsecured bond to be issued by Commercial Bank of Kuwait (ComBk) under its KWD100mn Subordinated Tier 2 Bond Programme.  This is the second tranche to be issued by the Bank. At the same time, CI Ratings has affirmed the 'BBB' rating of the first KWD50mn Programme tranche, which was issued in September 2023. 01 July 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4350 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) of Al Baraka Islamic Bank (AIB) at 'B' and 'b-', respectively. The Outlook for these ratings remains Negative. At the same time, CI Ratings has affirmed AIB's Short-Term Foreign Currency Rating at 'B', and Core Financial Strength (CFS) rating at 'b-'. The Extraordinary Support Level (ESL) remains at Moderate. 27 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4349 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating of Turkiye Vakiflar Bankasi T.A.S. (Vakif) to 'b' and 'bb-', respectively, from 'b-' and 'b+'. At the same time, CI Ratings has affirmed the Bank's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of 'B'. The Outlook for the LT FCR has been revised to Positive from Stable while the Outlook for the BSR remains Stable. The ESL is affirmed as Moderate. 21 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4348 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on 11 Turkish banks' Long-Term Foreign Currency Ratings (LT FCRs) to Positive from Stable. The Outlook on the Bank Standalone Ratings (BSRs) of four of these banks has also been revised to Positive from Stable, while the Outlook on the other seven banks' BSRs is unchanged. At the same time, CI Ratings has affirmed the Short-Term (ST) FCRs, Core Financial Strength (CFS) ratings, Bank Standalone Ratings (BSRs), and Extraordinary Support Levels (ESLs) of the 11 banks at their existing level. 21 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4347 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) 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. 21 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4346 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Arab Banking Corporation's (ABC) Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency (ST FCR) at 'BBB+' and 'A2', respectively. At the same time, CI Ratings has affirmed ABC's Bank Standalone Rating (BSR) of 'bbb', Core Financial Strength (CFS) rating of 'bbb', and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR remains Stable. 20 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4345 Capital Intelligence Ratings (CI Ratings or CI) today announced that it has withdrawn the National Scale Issue Rating of 'saA' with a Stable Outlook assigned to RHC Sukuk 1 Ltd's SAR350mn Series 7 and SAR422mn Series 8 Sukuk as both series were fully repaid at maturity. 20 June 2024 Capital Intelligence http://www.ciratings.com/news/2024/07/27/4344 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/2024/07/27/4343 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