Saman Bank – Ratings Affirmed

Ref: IR0242 3 CRA00-0 1 14 November 202 4

Saman Bank – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-term Foreign Currency Rating (ST FCR) of Saman Bank (SB) at ‘B’ and ‘B’ , respectively . Similarly, CI has also affirmed SB’s Bank Standalone Rating ( BSR) of ‘b’ , Core Financial Strength (CFS) rating of ‘b+’ , and Extraordinary Support Level ( ESL) of Uncertain. The Outlook on the LT FCR and BSR remains Stable.

SB’s LT FCR and BSR are in line with CI’s internal assessment of sovereign credit risk for Iran. The sovereign credit assessment is constrained by the very high and increasing level of geopolitical risk as well as the limited access to external funding and foreign assets/blocked accounts. Although external debt is low, the country’s external debt repayment capacity –…