National Bank of Bahrain’ s Ratings Affirmed
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Ref: B H 0 15 2 1 CRA 00- 0 1 9 June 20 2 2
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 ‘B + ’ and ‘B’, respectively. At the same time, CI Ratings has affirmed NBB’s Bank Standalone Rating (BSR) at ‘ b + ’. The Outlook for the LT FCR and BSR remains Stable , in line with the Outlook assigned to Bahrain’s sovereign ratings.
The Bank’s BSR is derived from a C ore Financial Strength (CFS) rating of ‘bbb-’ and the constraints imposed by the O perating E nvironment R isk A nchor ( OPERA ) of ‘b+’. CI’s 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…