Saudi Investment Bank – Ratings Affirmed
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Ref: SA 0 1 3 2 3 CRA00- 01 30 April 202 4
Saudi Investment Bank Rating s 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 Investment Bank ( SAIB ) at ‘A – ’ and ‘A 2 ’, respectively. At the same time, CI Ratings has affirmed BSF’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 remains Positive. The BSR remains on a Stable Outlook.
In 2023, CI raised the LT FCR Outlook of SAIB to Positive from Stable. The positive outlook mirrored a similar action on Saudi Arabia’s sovereign ratings (‘A+’/‘A1’/Positive).
SAIB’s LT FCR is currently set two notches above the BSR to reflect the high likelihood of…