Capital Intelligence RSS Feed http://www.ciratings.com/_rss/news.xml Capital Intelligence Capital Intelligence http://www.ciratings.com/news/2025/04/25/4531 Boubyan Bank – Ratings Affirmed with a Stable Outlook 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 Boubyan Bank (BB or the Bank) at 'A' and 'A1', respectively. At the same time, CI Ratings has affirmed BB's Bank Standalone Rating (BSR) of 'bbb', Core Financial Strength (CFS) rating of 'bbb' and Extraordinary Support Level (ESL) of High. The Outlook on the LT FCR and BSR is Stable. 24 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4530 Yapi ve Kredi – Ratings Affirmed with a Stable Outlook 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 Yapi ve Kredi Bankasi (YKB or the Bank) at 'B+' and 'B', respectively. At the same time, CI Ratings has affirmed YKB's Bank Standalone Rating (BSR) of 'b+', Core Financial Strength (CFS) rating of 'bb' and Extraordinary Support Level (ESL) of Uncertain. The Outlook on the LT FCR and BSR remains Stable. 23 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4529 National Bank of Kuwait – Ratings Affirmed with a Stable Outlook 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 the National Bank of Kuwait (NBK or the Bank) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed NBK's Bank Standalone Rating (BSR) of 'a-', Core Financial Strength (CFS) rating of 'a-' and Extraordinary Support Level (ESL) of Very High. The Outlook on the LT FCR and BSR remains Stable. 23 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4528 National Bank of Bahrain – Outlook Revised Following Sovereign Rating Action Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook for the Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) of the National Bank of Bahrain's (NBB or the Bank) to Negative from Stable, following a similar rating action on the Bahrain sovereign earlier this month ('B+'/'B'/Negative). At the same time, CI Ratings has affirmed NBB's LT FCR and BSR at B+' and 'b+', respectively. 17 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4527 Burgan Bank – Issuer and Issue Ratings Affirmed with a Stable Outlook 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 Burgan Bank K.P.S.C. (BB) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed BB's Standalone Rating (BSR) of 'bbb+', Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR has been maintained at Stable. CI Ratings has also affirmed the issue rating on BB's KWD150mn Perpetual Additional Tier 1 Bonds at 'BBB-' with a Stable Outlook. 17 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4526 Bahrain – Ratings Affirmed; Outlook Revised to Negative Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Bahrain's Long-Term Foreign Currency Rating (LT FCR) and LT Local Currency Rating (LT LCR) at 'B+'. At the same time, CI Ratings has affirmed the sovereign's Short-Term FCR (ST FCR) and ST LCR at 'B'. The Outlook for the ratings has been revised to Negative from Stable. 11 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4525 PKO Bank Polski – Ratings Affirmed with a Stable Outlook 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 PKO Bank Polski (PKO or the Bank) at 'A-' and 'A2', respectively. At the same time, CI has affirmed PKO's Bank Standalone Rating (BSR) of 'a-', Core Financial Strength (CFS) rating of 'a-' and Extraordinary Support Level (ESL) of Uncertain. The Outlook on the LT FCR and BSR remains Stable. 11 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4524 Bank Pekao – Ratings Affirmed with a Stable Outlook 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 Bank Pekao (Pekao or the Bank) at 'A-' and 'A2', respectively. At the same time, CI Ratings has affirmed Pekao's Bank Standalone Rating (BSR) of 'bbb+', Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR is Stable. 11 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4523 RHC Sukuk Ltd. – Rating on SAR248mn Series 9 Sukuk Withdrawn Following Repayment Capital Intelligence Ratings (CI Ratings or CI) today announced that it has withdrawn the National Scale Issue Rating of 'saA' with a Stable Outlook assigned to RHC Sukuk Ltd (RHC) SAR248mn Series 9 Sukuk. The rating withdrawal follows repayment of the Sukuk on March 30th 2025. 10 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4522 Iraqi Islamic Bank for Investment and Development – Ratings Affirmed 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 the Iraqi Islamic Bank for Investment and Development (IIB or the Bank) at 'B-' and 'B', respectively. CI Ratings has also affirmed IIB's Bank Standalone Rating (BSR) of 'b-', Core Financial Strength (CFS) rating of 'bb-' and Extraordinary Support Level (ESL) of Uncertain. The Outlook on the LT FCR and BSR is Stable. 09 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4521 All Omani National Ratings Revised Following Scale Recalibration Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the national ratings of all issuers and issues in Oman following the recalibration of the National Scale for Oman. 09 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4520 Correction: Axis Bank – Ratings Affirmed (This announcement replaces the version published on 31 January 2025 and corrects an error in the participation disclosure.) Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Axis Bank's (ABL) Long-Term Foreign Currency Rating (LT FCR) at 'BBB-' and the Short-Term Foreign Currency Rating (ST FCR) at 'A3'. At the same time, CI Ratings has affirmed the Bank's Bank Standalone Rating (BSR) of 'bbb-', Core Financial Strength (CFS) rating of 'bbb', and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR is affirmed as Positive and Stable, respectively. 08 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4519 Oman National Scale Mapping Updated - All National Ratings Affected Capital Intelligence Ratings (CI Ratings or CI) has revised the correspondence or "mapping" between the rating grades of CI's international issuer rating scale and the rating grades of the national rating scale for Oman. 04 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4518 mBank – Ratings Affirmed with a Stable Outlook 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 mBank (or the Bank) at 'BBB' and 'A2', respectively. At the same time, CI Ratings has affirmed the Bank Standalone Rating (BSR) of 'bbb', Core Financial Strength (CFS) rating of 'bbb' and Extraordinary Support Level (ESL) of Uncertain. The Outlook on the LT FCR and BSR is Stable. 03 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4517 Bank Millennium – Ratings Affirmed with a Stable Outlook 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 Bank Millennium S.A. (BM or the Bank) at 'BBB-' and 'A3', respectively. At the same time, CI Ratings has affirmed BM's Bank Standalone Rating (BSR) of 'bbb-', Core Financial Strength (CFS) rating of 'bb+' and Extraordinary Support Level (ESL) of Uncertain. The Outlook on the LT FCR and BSR remains Stable. 03 April 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4516 National Ratings Assigned to Gulf Warehousing Company Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned to Gulf Warehousing Company (or GWC) first-time Long- and Short-Term ratings on the Qatar National Scale of 'qaA-' and 'qaA2', respectively The Outlook on the ratings is Stable. 28 March 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4515 Qatar Islamic Bank – Ratings Affirmed with a Stable Outlook 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 Qatar Islamic Bank (QIB) at 'AA-' and 'A1+', respectively. At the same time, CI Ratings has affirmed QIB's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating of 'a-', as well as the Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR is Stable. 27 March 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4514 Qatar National Bank – Ratings Affirmed with a Stable Outlook 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 Qatar National Bank (QNB) at 'AA' and 'A1+', respectively. At the same time, CI Ratings has affirmed QNB's Bank Standalone Rating (BSR) of 'a-', Core Financial Strength (CFS) rating of 'a-', and Extraordinary Support Level (ESL) of Very High. The Outlook for all ratings remains Stable. 27 March 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4513 Qatar International Islamic Bank – Ratings Affirmed with a Stable Outlook 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 Qatar International Islamic Bank (QIIB or the Bank) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed QIIB's Bank Standalone Rating (BSR) of 'bbb+', Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR remains Stable. 27 March 2025 Capital Intelligence http://www.ciratings.com/news/2025/04/25/4512 Cyprus – Sovereign Ratings Upgraded; Outlook Revised to Stable Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Republic of Cyprus' Long-Term Foreign Currency Rating (LT FCR) to 'BBB+', from 'BBB'. At the same time, CI Ratings has affirmed the sovereign's Short-Term FCR (ST FCR) at 'A2'. The Outlook for the ratings has been revised to Stable from Positive following the upgrade. 21 March 2025 Capital Intelligence