National Bank of Bahrain’ s LT FCR Lowered following S overeign Rating A ction

Ref: B H 0 15 21 PBK 00- 0 1 26 October 20 2 1

National Bank of Bahrain’ s LT FCR Lowered following S overeign Rating A ction

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has lowered the L ong- Term F oreign C urrency R ating (LT FCR) of National Bank of Bahrain B.S.C. ( NBB ) to ‘ B + ’ from ‘BB – ’ . This action follows the recent downgrade of Bahrain’s LT FCR (‘B + ’ from ‘BB-’ ) and the revision of the Outlook on the rating to Stable from Negative . The Bank’s Short-Term Foreign Currency Rating (ST FCR ) has been affirmed at ‘B’. The Bank’s LT FCR Outlook has also been revised to Stable from Negative , in line with the sovereign outlook . At the same time , CI Ratings has lowered NBB’s Bank Standalone Rating (BSR) to ‘ b + ’ from ‘ bb – ’ and r evised the BSR Outlook to Stable from Negative . NBB’s …