National Bank of Bahrain’ s Ratings Affirmed
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Summary
Ref: B H 0 15 20 CRA 00- 0 1 3 June 20 2 1
National Bank of Bahrain’ s Ratings Affirmed
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong-Term F oreign C urrency R ating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of National Bank of Bahrain B.S.C. ( NBB ) at ‘BB – ’ and ‘B’, respectively. At the same time, CI Ratings has affirmed NBB’s Bank Standalone Rating (BSR) at ‘ bb -’. The Outlook for the LT FCR and BSR remains Negative, in line with the Outlook assigned to Bahrain’s sovereign ratings.
The Bank’s BSR is derived from a CFS rating of ‘bbb-’ and the constraints imposed by the OPERA of ‘bb-’. Our Extraordinary Support Level ( ESL ) assessment of Moderate does not result in any uplift for the Bank’s LT FCR because the BSR is already at the sovereign level. Although we deem the government’s willingness to provide…