Arab International Bank – Ratings A ffirmed with a Stable Outlook; CFS Lowered

Arab International Bank – Ratings Affirmed with a Stable Outlook; 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 Arab International Bank (AIB) at ‘B’ and ‘B’, respectively. At the same time, CI Ratings has affirmed AIB’s Bank Standalone Rating ( BSR ) of ‘b’ and Extraordinary Support Level ( ESL ) of Moderate. The Core Financial Strength ( CFS ) rating has been lowered to ‘bb – ’ (from ‘bb’). The Outlook for the LT FCR and BSR remains Stable.

The lowering of the CFS rating reflects our concerns about the potential impact of the very difficult operating environment on financial metrics over time. The CFS however still reflects the Bank’s good capitalisation metrics (partially due to the substantial share of zero risk-weighted Egyptian government…