Al Janoob Islamic Bank – Ratings Reinstated

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has reinstated and affirmed all ratings assigned to Al Janoob Islamic Bank (JIB) at their pre-suspension level. This follows the provision of more up-to-date financial data. The Bank's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) have been reinstated at 'B-' and 'B', respectively, the Bank Standalone Rating (BSR) at 'b-', and the Core Financial Strength (CFS) rating at 'b+'. The Outlook for both the LT FCR and BSR is Stable. The ESL is Uncertain.

Attachments

• iq01623cra00-01.pdf (CRA)
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• Bank Rating Report (Iraq, Al Janoob Islamic Bank for Investment & Finance)
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