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) and Core Financial Strength ( CFS ) rating of ‘bbb+’ and the Extraordinary Support Level ( ESL ) of High. The Outloo k for the LT FCR and BSR is Stable.

The Bank’s LT FCR is set three notches above the BSR to reflect the high likelihood of timely and appropriate extraordinary suppo rt from the government (Sovereign Rating: ‘A+’/‘A1’/Stable) in case of need . The Saudi banks are considered as domesti cally important banks (D-SIBs) that play an important role in building and nurturing the economy, underpinning the Saudi…