Kurdistan International Islamic Bank - Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Kurdistan International Islamic Bank for Investment and Development's (KIB) Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of 'B-' and 'B', respectively. The LT FCR Outlook is Stable. CI Ratings has also affirmed KIB's Bank Standalone Rating (BSR) of 'b-' with a Stable Outlook, Core Financial Strength (CFS) rating of 'bb-', and Extraordinary Support Level (ESL) of Uncertain.

At the same time, CI has affirmed KIB's Long- and Short-Term Ratings on the Iraq National Scale of 'iqBBB' and 'iqA3', 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, Kurdistan International Islamic Bank)
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