CI - Capital Intelligence (Cyprus) Limited

04/14/2021 | Press release | Distributed by Public on 04/14/2021 08:06

Ratings of Saudi National Bank (previously National Commercial Bank) Affirmed

14 April 2021 | Country: Saudi Arabia | Bank: The Saudi National Bank


Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the ratings of The National Commercial Bank (NCB), now renamed as The Saudi National Bank (SNB). This action follows the completion of the merger between NCB and Samba Financial Group (Samba). SNB's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) have been affirmed at 'A+' and 'A1', respectively. The Outlook for the LT FCR is Negative. The Bank Standalone Rating (BSR) of 'a-' with a Stable Outlook, Core Financial Strength (CFS) rating of 'a-' and Extraordinary Support Level (ESL) of High are also affirmed.


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