Al Mustashar Islamic Bank – Ratings Suspended

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has suspended the credit ratings of Al Mustashar Islamic Bank (MIB) due to the lack of up-to-date financial data. At the time of suspension, the Bank's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) were 'B-' and 'B', respectively. The LT FCR Outlook was Stable. MIB's Bank Standalone Rating (BSR) was 'b-' with a Stable Outlook, and the Core Financial Strength (CFS) rating was 'b+'. The Extraordinary Support Level (ESL) was Uncertain.

Attachments

• Rating Announcement (CRA)
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