Saudi British Bank – Ratings Affirmed

Ref: SA 010 21 CRA00- 01 6 October 20 2 2

Saudi British Bank – Ratings Affirmed

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 Saudi British Bank (SABB) at ‘A’ and ‘A2’, respectively. At the same time, CI Ratings has affirmed S ABB ’s Bank Standalone Rating ( BSR ) of ‘ bbb+ ’, Core Financial Strength ( CFS ) rating of ‘ bbb+ ’ and Extraordinary Support Level ( ESL ) of High. The Outlook for the LT FCR and BSR remains Stable.

The Bank’s LT FCR is set two notches above the BSR to reflect the high likelihood of timely and sufficient extraordinary support from the government if needed (Saudi Arabia sovereig n ratings: ‘A+’/ ‘A1’/Stable) . All Saudi domestic banks are considered systemically important institutions that play a major role in…