News & Credit Rating Announcements
03 October 2024 | Country: Saudi Arabia | Bank: Saudi Awwal Bank
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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) at 'A' and 'A2', respectively. At the same time, CI Ratings has affirmed SAB's Bank Standalone Rating (BSR) of 'bbb+', with a Stable Outlook, Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR remains Positive.
Attachments
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Rating Announcement (CRA)
PDF Download Available
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Bank Rating Report (Saudi Arabia, Saudi Awwal Bank)
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