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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...
Egypt wins stable, long-term rating
Egypt’s Long-Term Foreign and Local Currency Sovereign Ratings of ‘B-’ and its Short-Term Foreign and Local Currency Ratings of ‘B’ have been affirmed in rating action by Capital Intelligence (CI) , the international credit rating agency based in Cyprus. CI also affirmed the outlook for Egypt’s ratings as ‘Stable’. CI said the affirmation of Egypt’s ratings takes into account: (a) the stabilisation of short-term financing...
Egypt’s AAIB bouncing back, ratings show
Despite continuing upheavals and controversial government conduct that raises persistent questions on governance and fundamental rights in Egypt, the country’s financial workhorse, the Arab African International Bank, seems to be doing fine. To the relief of European and other investors, the latest AAIB ratings announced by Capital Intelligence show the bank’s financial strength outlook has moved from...
Moroccan BMCE Bank’s ratings affirmed
Capital Intelligence credit rating agency affirmed 28 August 2014 the ratings of BMCE Bank, formerly Banque Marocaine du Commerce Extérieur, which has headquarters in Casablanca, Morocco, and operations in Europe. The Cyprus-based rating agency said the bank’s Financial Strength Rating (FSR) is maintained at ‘BBB-’. It is supported by the improved profitability in 2013, steady – if modest – capital adequacy, and slight growth in...
Moroccan Attijariwafa Bank’s ratings affirmed
Capital Intelligence (CI), the international credit rating agency, announced (14 August 2014) that it has affirmed the ratings of Attijariwafa Bank (AWB), based in Casablanca, Morocco. The Financial Strength Rating is affirmed at ‘BBB’, supported by AWB’s overall financial profile, including sound asset quality, despite the rise in non-performing loans (NPLs) in 2013, good loan-loss coverage, a slight improvement in capital and...
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