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Saudi Investment Bank’s ratings lowered
Jun09

Saudi Investment Bank’s ratings lowered

Saudi Investment Bank’s ratings have been lowered but its ‘Stable’ outlook has been maintained in ratings action announced [9 June 201]. The bank has branches and representations worldwide. Capital Intelligence (CI Ratings), the international credit rating agency based in Cyprus, announced that it has lowered the Financial Strength Rating (FSR) of The Saudi Investment Bank (SAIB), based in Riyadh, Saudi Arabia, to ‘BBB+’ from ‘A-’ due...

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Saudi-Hollandi Bank faces negative outlook
May25

Saudi-Hollandi Bank faces negative outlook

Capital Intelligence Ratings (CI Ratings), the international credit rating agency based in Cyprus, announced [25 May 201] that it has affirmed the ratings of Saudi Hollandi Bank (SHB), an award winning major bank based in Riyadh, Saudi Arabia. The Financial Strength Rating (FSR) is maintained at ‘A’, underpinned by continuing improvement in asset quality, strong growth in customer deposits (with consequent improvement in loan-based...

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Iran wins another credit upgrade
Jan23

Iran wins another credit upgrade

Iran’s sovereign ratings have been upgraded by Capital Intelligence, the international credit rating agency. CI ratings, based in Cyprus, announced  23 January announced that it has upgraded Iran’s Long-Term Foreign and Local Currency Ratings to ‘BB-’ from ‘B+’, and affirmed its Short-Term Foreign and Local Currency Ratings at ‘B’. The Outlook for Iran’s ratings remains ‘Stable’. CI said the upgrade reflects the recent lifting of...

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QNB Alahli weathers Egypt crisis with stable rating
Aug06

QNB Alahli weathers Egypt crisis with stable rating

Egypt’s QNB Ahli, part of the QNB’s global investment portfolio, has weathered the financial and political upheavals in Egypt with strong ratings. The QNB group and other Qatari banks have a large presence in the City, London, and elsewhere in Europe. Capital Intelligence (CI), the international credit rating agency based in Cyprus, announced [6 August 2015] that it has affirmed QNB ALAHLI’s (QNB AA) Financial Strength...

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Will Lebanese banking defy predictions again?
Jul30

Will Lebanese banking defy predictions again?

Amid frequent predictions of Lebanese banking’s imminent demise, nearly all of which have been challenged by the sector’s defiantly resilient performance in the past, both at home as well as broad, yet another grim outlook comes from Moody’s rating agency. Data and research prepared by The Middle East in Europe suggests Lebanese banking has deep financial links in Europe, particularly in London and Paris, but also in...

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CI upgrades Export Development Bank of Iran
Jul29

CI upgrades Export Development Bank of Iran

Capital Intelligence (CI), the international credit rating agency based in Cyprus, revised (29 July 2015) the Outlook on the Long-Term Foreign Currency Rating (FCR) of Export Development Bank of Iran (EDBI) to ‘Positive’ from ‘Stable’. The rating action follows the recent change of Outlook on Iran’s sovereign Long-Term FCR of ‘B’ from ‘Stable’ to ‘Positive’, following the agreement that was reached between Iran and the P5+1 group of...

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