CI - Capital Intelligence (Cyprus) Limited

01/13/2022 | Press release | Distributed by Public on 01/13/2022 04:49

Gulf International Bank - Outlook on LT FCR Revised to Stable Following Similar Sovereign Action

13 January 2022 | Country: Bahrain | Bank: Gulf International Bank B.S.C.


Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on Gulf International Bank's (GIB) B.S.C. Long-Term Foreign Currency Rating (LT FCR) of 'A+' to Stable from Negative. This action follows the revision of the Outlook on Saudi Arabia's sovereign LT FCR of 'A+' to Stable, from Negative, to reflect improved prospects for the country's public finances as a result of the strong rebound in global oil prices over the past year and the implementation of fiscal consolidation measures.


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