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http://www.ciratings.com/news/2024/12/22/4470
Supplementary Criteria for Credit Guarantee Companies PublishedCapital Intelligence Ratings (CI Ratings or CI) has today published its new Supplementary Criteria for Credit Guarantee Companies.20 December 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4469
Bank of Cyprus – Ratings Upgraded and Outlook Revised to Stable Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Bank of Cyprus (BoC or the Bank) to 'BBB-' (from 'BB') and its Short-Term Foreign Currency Rating (ST FCR) to 'A3' (from 'B'). At the same time, CI Ratings has upgraded BoC's Bank Standalone Rating (BSR) to 'bbb-' from 'bb' and raised its Core Financial Strength (CFS) rating to 'bbb' from 'bb+'. The ESL of Uncertain has been affirmed. The Outlook for both the LT FCR and BSR is revised to Stable from Positive.19 December 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4468
Albaraka Turk Katilim Bankasi A.S. – 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 Albaraka Turk Katilim Bankasi A.S. (ATKB) at 'B-' and 'B', respectively. At the same time, CI Ratings has affirmed ATKB's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating of 'b-' and 'b-', respectively, and the Extraordinary Support Level (ESL) of Uncertain. The Outlook for the LT FCR and BSR remains Stable.18 December 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4467
Rawabi Holding Company – National Scale Issuer and Issue Ratings AffirmedCapital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long- and Short-Term Saudi Arabia National Scale issuer ratings of Rawabi Holding Company CJSC (RHC) at 'saA' and 'saA1', respectively. The Outlook on the Long-Term issuer rating has been affirmed as Stable.
CI Ratings has also affirmed the ratings assigned to the one Sukuk issue by RHC Sukuk 1 Ltd. and the seven Sukuk issues of RHC by 'saA'. The Outlook for all Sukuk issues remains Stable.18 December 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4466
Estithmar Holding – Rating of ‘qaBBB’ (Qatar National Scale) Assigned to QAR145mn Series 1 (Tranche 2) Trust Certificates Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned a national rating of 'qaBBB' to this 'tap' QAR145mn trust certificate issuance by Estithmar Sukuk Ltd LLC. The Outlook for the rating is Stable. This is the second tranche to be issued under Series 1 of the up to QAR3.4bn Trust Certificate Issuance Programme of the Obligor, Estithmar Holding Q.P.S.C (EH).17 December 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4465
Saudi Arabia – Ratings Upgraded; Outlook Revised to StableCapital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded Saudi Arabia's Long-Term Foreign Currency Rating (LT FCR) and LT Local Currency Rating (LT LCR) to 'AA-' from 'A+'. At the same time, CI Ratings has upgraded the sovereign's Short-Term (ST) FCR and ST LCR to 'A1+' from 'A1'. The Outlook on the ratings has been revised to Stable from Positive.13 December 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4464
Hellenic Bank – Ratings Upgraded and Outlook Revised to Stable from Positive Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded Hellenic Bank's (HB or the Bank) Long-Term Foreign Currency Rating (LT FCR) to 'BBB-' (from 'BB') and its Short-Term Foreign Currency Rating (ST FCR) to 'A3' (from 'B'). At the same time, CI Ratings has upgraded HB's Bank Standalone Rating (BSR) to 'bbb-' from 'bb' and raised its Core Financial Strength (CFS) rating to 'bbb' from 'bb+'. The ESL of Uncertain has been affirmed. The Outlook for both the LT FCR and BSR is revised to Stable from Positive.13 December 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4463
Ratings of Turkish Banks Upgraded Following Sovereign ActionCapital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Long-Term Foreign Currency Ratings (LT FCRs) and Bank Standalone Ratings (BSRs) of 15 Turkish banks. The rating actions follow the recent upgrade in the sovereign's LT FCR to 'BB-'/'Stable' (from 'B'/'Positive') and an improvement in the Operating Environment Risk Anchor (OPERA) for the banking system to 'b+' from 'b-'. At the same time, CI Ratings has affirmed the Short-Term (ST) FCRs and Extraordinary Support Levels (ESLs) of the 15 banks at their existing level. The Outlook on the LT FCRs and BSRs of all 15 banks is Stable.05 December 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4462
Ahli Bank (Oman) – Positive Outlook for LT FCR 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 Ahli Bank (AB) in Oman at 'BB+' and 'B', respectively. At the same time, CI Ratings has affirmed AB's Bank Standalone Rating (BSR) of 'bb+', Core Financial Strength (CFS) rating of 'bbb-', and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR remains Positive and Stable, respectively.05 December 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4461
KIPCO – First Time Issuer Ratings Assigned Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned a first time Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of 'BB+' and 'B', respectively, to the parent company of the KIPCO Group. The Outlook on the ratings is Stable.05 December 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4460
Jordan – Ratings Affirmed with a Stable OutlookCapital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Jordan's Long-Term Foreign Currency Rating (LT FCR) and LT Local Currency Rating (LT LCR) at 'BB-'. At the same time, CI Ratings has affirmed the sovereign's Short-Term (ST) FCR and ST LCR at 'B'. The Outlook on the ratings remains Stable.29 November 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4459
Economic Cooperation Organization Trade and Development Bank – Ratings Assigned Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned a first time Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) to Economic Cooperation Organization Trade and Development Bank (ETDB) of 'BB' and 'B', respectively. At the same time, CI Ratings has assigned to ETDB a Bank Standalone Rating (BSR) of 'bb', a Core Financial Strength (CFS) rating of 'bbb-', and an Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Stable.29 November 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4458
Ahli United Bank – LT FCR Affirmed and BSR Lowered Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Ahli United Bank's (AUB) Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at A-' and 'A2', respectively. The Outlook for the LT FCR has been revised to Stable from Negative. At the same time, AUB's Bank Standalone Rating (BSR) has been lowered to 'bbb' from bbb+' and the Outlook for the BSR revised to Stable from Negative. The Extraordinary Support Level (ESL) remains High.28 November 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4457
State Bank of India – Ratings Affirmed with a Positive 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 State Bank of India (SBI) at 'BBB-' and 'A3', respectively. At the same time, CI Ratings has also affirmed SBI's Bank Standalone Rating (BSR) of 'bb+', Core Financial Strength (CFS) rating of 'bb+', and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR is Positive and the Outlook for the BSR is Stable.22 November 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4456
Turkiye – Ratings Upgraded; Outlook Revised to StableCapital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded Turkiye's Long-Term Foreign Currency Rating (LT FCR) and LT Local Currency Rating (LT LCR) to 'BB-' from 'B'. At the same time, CI Ratings has affirmed the Short-Term (ST) FCR and ST LCR at 'B'. The Outlook on the ratings is revised to Stable from Positive.15 November 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4455
Industrial Bank of Korea – Ratings Affirmed with a Stable Outlook Capital Intelligence (CI Ratings) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Industrial Bank of Korea (IBK) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed IBK'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 the ratings remains Stable.15 November 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4454
Korea Development Bank – Ratings Affirmed with a Stable Outlook Capital Intelligence (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 Korea Development Bank (KDB) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed KDB'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 the LT FCR and BSR remains Stable.15 November 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4453
National Finance Company – National Ratings Upgraded Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Long- and Short-Term issuer ratings on the Oman National Scale of National Finance Company SAOG (NFC) to 'omA+' and 'omA1', from 'omA-' and 'omA2', respectively. The Outlook on the ratings is revised to Stable from Positive.14 November 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4452
Saman Bank – Ratings Affirmed Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-term Foreign Currency Rating (ST FCR) of Saman Bank (SB) at 'B' and 'B', respectively. Similarly, CI has also affirmed SB's Bank Standalone Rating (BSR) of 'b', Core Financial Strength (CFS) rating of 'b+', and Extraordinary Support Level (ESL) of Uncertain. The Outlook on the LT FCR and BSR remains Stable.14 November 2024Capital Intelligence
http://www.ciratings.com/news/2024/12/22/4451
Ceska Sporitelna – Ratings AffirmedCapital 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 Ceska Sporitelna Bank (CS) at 'A' and 'A1', respectively. At the same time, CI Ratings has affirmed CS' Bank Standalone Rating (BSR) of 'a-', Core Financial Strength (CFS) rating of 'a-', and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR remains Stable.13 November 2024Capital Intelligence