Commercial Bank International’s Ratings Affirmed with a Stable Outlook
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Ref: AE023 2 2 CRA 00- 0 1 1 September 202 3
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.
Despite weak financial metrics, CBI’s LT FCR is set two notches above the BSR to reflect the high level of extraordinary support the Bank is expected to…