CIB Bank - Ratings Lowered

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of CIB Bank (CIB) to 'BB+' and 'B', from 'BBB-' and 'A3', respectively. At the same time, CI Ratings has downgraded both the Bank's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating to 'bb' from 'bb+'. The Outlook on the LT FCR and BSR has been revised to Stable from Negative.

Attachments

• Rating Announcement (CRA)
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