News & Credit Rating Announcements
12 November 2024 | Country: Egypt | Bank: Arab International Bank
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Arab International Bank – Ratings Affirmed with a Stable Outlook
Overview
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) of Arab International Bank (AIB) at 'B' and 'b', respectively. CI has also affirmed the Bank's Short-Term (ST) FCR of 'B', Core Financial Strength (CFS) rating of 'bb-', and Extraordinary Support Level (ESL) of Moderate. AIB's LT FCR is closely correlated with the sovereign's creditworthiness. Any improvement or deterioration in Egypt's LT FCR and/or outlook will have a corresponding effect on AIB's ratings and outlook.
Attachments
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Rating Announcement (CRA)
PDF Download Available
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Bank Rating Report (Egypt, Arab International Bank)
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