Arab International Bank – Ratings Affirmed with a Stable Outlook

Arab International Bank – 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 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+’, Core Financial Strength (CFS) rating of ‘bb’ and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR remains Stable.

The Bank’s BSR of ‘b+’ – which is derived from a CFS rating of ‘bb’ and an Operating Environment Risk Anchor ( OPERA ) of ‘b’ – remains at the same level as Egypt’s sovereign LT FCR of ‘B+’, and reflects the Bank’s capacity to withstand sovereign-induced economic and financial stress. OPERA reflects the improved – although still high – risk…