Saman Bank – Ratings Affirmed

13 November 2025

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 Saman Bank (SB or the Bank) at ‘B’ and ‘B’, respectively. At the same time, CI Ratings has 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 very high geopolitical risk, and the lack of access to external funding and foreign assets. Although external debt is low, the country’s external debt repayment capacity – particularly the ability to make timely debt service payments – remains greatly impaired by US sanctions and the inclusion of Iran on the FATF blacklist….