CI reaffirms NBB ratings

May 29, 2014 2:11 am

The long and short-term foreign currency ratings of the National Bank of Bahrain (NBB) have been affirmed by credit rating agency Capital Intelligence (CI) at ‘BBB’ and ‘A2’, respectively, on a ‘Stable’ outlook, Gulf Daily News has reported. The financial strength rating of ‘A’ is also affirmed on the basis of NBB’s solid capital adequacy ratio, very high liquidity, strong business franchise and good profitability metrics, said CI. “The affirmation of ratings is a clear reflection of the agency’s confidence in Bahrain’s banking system in general and the strong financial position in particular,” said NBB chief executive, Abdul Razak Al Qassim.