10/12/2021 | Press release | Distributed by Public on 10/12/2021 01:17
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Saudi British Bank (SABB) at 'A' and 'A2', respectively. The Outlook for the LT FCR is Negative, reflecting a similar outlook on Saudi Arabia's sovereign ratings. At the same time, CI Ratings has affirmed SABB's Bank Standalone Rating (BSR) of 'bbb+', with a Stable Outlook, Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of High.
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