United Gulf Bank - Ratings and Stable Outlook 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 United Gulf Bank (UGB) at 'BBB' and 'A3', respectively. The LT FCR Outlook remains Stable. At the same time, CI Ratings has affirmed UGB's Bank Standalone Rating (BSR) of 'bbb-' with a Stable Outlook. The Extraordinary Support Level (ESL) of Moderate is maintained.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Bahrain, United Gulf Bank B.S.C.)
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