Arab African International Bank – Ratings Affirmed with a Stable Outlook

Arab African International Bank – Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Arab African International Bank (AAIB) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed AAIB’s Bank Standalone Rating (BSR) of ‘b+’, Core Financial Strength (CFS) rating of ‘bb+’ and Extraordinary Support Level (ESL) of High. The Outlook on the LT FCR and BSR remains Stable.

AAIB’s BSR is derived from a CFS rating of ‘bb+’ and an Operating Environment Risk Anchor ( OPERA ) of ‘b’. The CFS is underpinned by AAIB’s joint-ownership by the Kuwaiti and Egyptian governments, and the expectation that they will continue to provide a high degree of ordinary support. The quality of the Bank’s corporate and investment banking franchise is also a major…