Saman Bank – Ratings Lowered, Outlook Revised to Negative, and Ratings Suspended

26 March 2026

Capital Intelligence Ratings (CI Ratings or CI) has downgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Saman Bank (SB or the Bank) to ‘C+’ and ‘C’ from ‘B’ and ‘B’, respectively. At the same time, CI Ratings has lowered SB’s Bank Standalone Rating (BSR) to ‘c’ from ‘b’, and Core Financial Strength (CFS) rating to ‘b’ from ‘b+’. The Extraordinary Support Level (ESL) of Uncertain is maintained. The difference between the LT FCR and BSR reflects differences between the two rating scales (‘+’ and ‘-’ modifiers are not assigned to ‘c’ category BSRs) rather than extraordinary support considerations. The Outlook on the LT FCR has been revised to Negative from Stable. The Outlook on the BSR is no longer meaningful, as the assigned rating is the lowest on the BSR scale.

Concurrently, CI has also decided to suspend the ratings of SB. The suspension reflects the…