Commercial Bank International’s Ratings Affirmed with a Stable Outlook
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Ref: AE02319 CRA 00- 0 1 23 September 2020
Commercial Bank International’s Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI ) today announced that it has affirmed the Long-Term Foreign C urrency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Commercial Bank International (CBI) at ‘BBB+’ and ‘A2’ respectively. At the same time, CI Ratings has affirmed CBI’s Bank Standalone Rating (BSR) of ‘bbb-’, Core Financial Strength (CFS) rating of ‘bb’ and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR remains Stable.
CBI’s LT FCR of ‘BBB+’ is set two notches above its BSR of ‘bbb-’ to reflect the Bank’s high level of …