Saudi Awwal Bank - Ratings Affirmed

Overview

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 Awwal Bank (SAB), previously known as Saudi British Bank, at 'A' and 'A2', respectively. The Outlook for the LT FCR remains Positive.  At the same time, CI Ratings has affirmed SAB's Bank Standalone Rating (BSR) of 'bbb+' with a Stable Outlook, its Core Financial Strength (CFS) rating of 'bbb+', and Extraordinary Support Level (ESL) of High.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Saudi Arabia, Saudi Awwal Bank)
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