Mubasher: Burgan Bank said in a bourse disclosure on Wednesday that Moody’s Investors Service has affirmed the long- and short-term deposit rating at ‘A3’ and ‘Prime-2’, respectively.
Moody’s has also affirmed the bank’s ‘Stable’ Outlook, which reflects the balance between regional diversity and challenges from weak operating environment in leading markets.
This rating was affirmed due to creating provisions for default loans, as well as revenue from oil-importing countries.
Burgan Bank added that Moody’s said that the baseline credit assessment (BCA) of the bank is at ‘ba2’; this reflects good liquidity.
