Banque Saudi Fransi’s Ratings Affirmed, with a Stable Outlook

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

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’/ Stable ) in case of need. The Saudi banks are considered systemically important banks that play an important role in building and nurturing the economy, underpinning the Saudi…