In common with other non-bank financing companies, Al Manar’s operations and financial position suffered badly due to the domestic and regional financial crisis. As well as experiencing a dramatic worsening of asset quality, the Company …Read full article » United Arab Emirates: Wednesday, January 18 - 2012 @ 14:30
Constraining the rating are the expected falls in both the cash position and in profitability, as well as the currently limited operational cash flow. There are also uncertainties as to the recoveries in performance of …Read full article » Kuwait: Saturday, June 30 - 2012 @ 10:08
Capital Intelligence (CI) announced today that it has affirmed the Financial Strength Rating (FSR) of Al Ahli Bank of Kuwait (ABK) at ‘a-’.
The rating is supported by the very strong capital adequacy and by …Read full article » : Saturday, May 17 - 2014 @ 09:38
The Support level is maintained at ‘2’, reflecting the blanket government guarantee of deposits, as well as the strong likelihood of support by both shareholders (who have demonstrated regular support in the past) or by …Read full article » Kuwait: Monday, May 14 - 2012 @ 14:26
However, the Bank’s Financial Strength rating is revised to “bbb+” from “a-” due to ABK’s continued tight liquidity profile and markedly deteriorating asset quality and resultant pressure on profitability. At the same time, the Outlook …Read full article » Kuwait: Wednesday, May 26 - 2010 @ 10:38
The rating is supported by the very strong capital adequacy and, notwithstanding a high rate of non-performing loan accretion in 2012, good overall asset quality, as well as the more than full loan-loss reserve coverage. …Read full article » Kuwait: Sunday, May 19 - 2013 @ 14:25
The rating action follows the downgrade of Egypt’s Sovereign Long-Term FCR to ‘B’ from ‘BB-‘, on ‘Negative’ Outlook.
The Outlook for AIB’s ratings remains ‘Negative’ – as is the case with other Egyptian banks – …Read full article » Egypt: Tuesday, April 02 - 2013 @ 10:05
The Outlook for the Foreign Currency ratings is revised to ‘Stable’ from ‘Negative’, reflecting the improvement in the Bank’s overall credit metrics.
The Bank’s Long-term Foreign Currency rating remains set one notch higher than …Read full article » Bahrain: Wednesday, October 12 - 2011 @ 15:57
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Bahrain-based Ahli United Bank’s (AUB) Financial Strength Rating (FSR) of ‘A’, supported by its good asset quality, geographically diversified balance sheet and …Read full article » : Saturday, October 25 - 2014 @ 10:47
These ratings are supported by the Bank’s sound and better than average asset quality, solid and improved capital adequacy, and good liquidity. The ratings are constrained by low profitability, although this is recovering, and …Read full article » Kuwait: Tuesday, November 29 - 2011 @ 09:02