Bank of Baghdad - Ratings Assigned

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned a first-time Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) to Bank of Baghdad (BoB) of 'B' and 'B', respectively. The LT FCR Outlook is Stable. At the same time, CI Ratings has assigned to BoB a Bank Standalone Rating (BSR) of 'b-' with a Stable Outlook, a Core Financial Strength (CFS) rating of 'bb-', and an Extraordinary Support Level (ESL) of Moderate.

CI has also assigned BoB Long- and Short-Term Ratings on the Iraq National Scale of 'iqA-' and 'iqA2', respectively, with a Stable Outlook. These are supported and constrained by the same factors as the CFS as outlined below.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Iraq, Bank of Baghdad)
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