Go Back   2023-2024 StudyChaCha > StudyChaCha Discussion Forum > General Topics

Old September 13th, 2017, 03:22 PM
Super Moderator
Join Date: May 2011
Default Re: Bank of Bahrain and Kuwait Credit Rating

Moody's Investors Service ("Moody's") has today downsized to B1 from Ba2, the long haul nearby cash store evaluations of BBK B.S.C. (BBK) and National Bank of Bahrain BSC (NBB). In the meantime, Moody's has downsized to B1 from Ba3 the long haul neighborhood cash guarantor evaluations of Bahrain Islamic Bank B.S.C. (BISB) and Khaleeji Commercial Bank B.S.C. (KHCB). The point of view toward the every one of the evaluations is negative.

The present activities on the Bahraini banks are primarily determined by Moody's minimization of the Bahrain government's guarantor rating to B1 negative from Ba2 negative (please observe "Moody's downsizes Bahrain's administration backer rating to B1 with negative standpoint

In the meantime, Moody's has minimized to B2 from Ba3 the long haul outside cash store appraisals of BBK and NBB and long haul remote money guarantor evaluations of BISB and KHCB, which is an indistinguishable level from the nation roof for remote money stores.

Moody's has additionally downsized the gauge credit appraisals (BCAs) of NBB and BBK to b1 from ba2 as they are at same level as the administration rating and confirmed the BCA of KHCB at b1. The BCA for BISB has been moved up to b2 from b3 in accordance with the enhanced money related position of the bank.

Notwithstanding these activities, Moody's has minimized the long haul Counterparty Risk Assessment (CR Assessment) of BISB to B1(cr) from Ba2(cr). The Counterparty Risk Assessment for KHCB was downsized to Ba3(cr) from Ba2(cr).

In conclusion, Moody's has minimized the long haul Counterparty Risk Assessments for BBK and NBB to Ba3(cr) from Ba1(cr).


BBK has a solid piece of the overall industry in the Bahrain retail managing an account advertise. The bank's solid household establishment and late effectiveness changes, bolster benefit. The bank likewise displays strong liquidity supports, flexible financing and solid capital. These qualities are adjusted by high store and credit fixations and a testing working condition that builds resource dangers.

The minimization of BBK's long haul nearby cash store and outside money senior unsecured obligation evaluations to B1 from Ba2 mirrors the nearby linkage of the bank's own credit profile to that of Bahraini government.

In spite of Moody's appraisal of a high likelihood of government bolster from Bahrain, the bank's store evaluations don't profit by any appraising elevate from its b1 BCA, which is at an indistinguishable level from the sovereign rating, because of the restricted limit of the administration to offer help over that level.
Answered By StudyChaCha Member
Reply With Quote

Reply to this Question / Ask Another Question
Your Username: Click here to log in


All times are GMT +6. The time now is 12:36 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2023, vBulletin Solutions Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8