Arab African International Bank – R atings A ffirmed with a Stable Outlook

EG003 21 CRA00-01 2 February 2 0 2 3

Arab African International Bank – R atings A ffirmed 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 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 A nchor ( OPERA ) of ‘b’ (indicating significant risk) . 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…