QNB Ala hli – Ratings Affirmed with a Stable Outlook
Content is restricted
Summary
Ref: EG02621C RA00- 01 27 September 2022
QNB Ala hli – Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long -Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of QNB Alahli S.A.E. (QNB AA) at ‘B+’ and ‘B’, respectively. At the same time , CI Ratings has affirmed QNB AA’s B ank S tandalone R ating (BSR) of ‘b + ’, C ore Financial Strength (CFS) rating of ‘bbb-’ , and E xtraordinary Support Level (ES L ) of High . The Outlook for the ratings remains Stable.
The BSR is based on a CFS rating of ‘bbb-’ and an Operating Environment Risk Anchor ( OPERA ) of ‘b’ and incorporates the Bank’s capacity to withstand sovereign-induce d stress. Egypt’s OPERA reflects the high sovereign risk profile of the country, as well as the adverse impact of the Ukraine conflict on economic…