Capital Intelligence Ratings (CI Ratings or CI) announced that it has assigned its Long Term Foreign Exchange Ratings (LT FCR) and Short Term Foreign Exchange Ratings (ST FCR) to Al Mustashar islamic Bank for Investment and Finance. (MIB) for “B-” and “B” respectively.
ISLAMIC INTERNATIONAL RATING AGENCY(IIRA) – MANAMA/KINGDOM OF BAHRAIN, HAS ASSIGNED LOCAL AND FOREIGN CURRENCY RATINGS TO AL MUSTASHAR ISLAMIC BANK FOR INVESTMENT AND FINANCE BOTH AT B/B (SINGLE B / SINGLE B) ON THE INTERNATIONAL SCALE, WITH A ‘STABLE’ OUTLOOK.
IIRA HAS ALSO ASSIGNED NATIONAL SCALE RATINGS OF BBB (IQ) / A3 (IQ) (TRIPLE B (IQ) / SINGLE A THREE (IQ)) ON THE BANK, WITH A ’STABLE’ OUTLOOK.
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Al Mustashar Islamic Bank for Investment and Finance’s (MIB) Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of ‘B-‘ and ‘B’, respectively. The Outlook for the LT FCR remains Stable. CI Ratings has affirmed MIB’s Bank Standalone Rating (BSR) of ‘b-‘ with a Stable Outlook, Core Financial Strength (CFS) rating of ‘b+’, and Extraordinary Support Level (ESL) of Uncertain.