Banque Saudi Fransi’s Ratings Affirmed

Ref: SA 001 20 CRA00- 0 1 11 May 20 2 1

Banque Saudi Fransi’s Ratings Affirmed

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 Banque Saudi Fransi (BSF) at ‘A+’ and ‘A1’, respectively. The Outlook for the LT FCR is Negative. At the same time, CI Ratings has affirmed BSF’s Bank Standalone Rating (BSR) of ‘bbb+’, with a Stable Outlook, Core Financial Strength (CFS) rating of ‘bbb+’ and Extraordinary Support Level ( ESL ) of High .

The Bank’s LT FCR is set three notches above the BSR to reflect the high likelihood of timely and appropriate extraordinary support from the government (Saudi Arabia Sovereign Rating: ‘A+’/‘A1’/Negative) in case of need. The Saudi banks are considered as domestic systemically important banks (D-SIBs) that play an…