Riyadh – Mubasher: Capital Intelligence (CI) has affirmed Al Rajhi Bank’s Long-Term Foreign Currency Rating (FCR) to 'A+' and affirmed its Short-Term FCR at 'A1', with 'Negative' Outlook from 'Stable', The international credit rating agency said in a report on Thursday.
The Financial Strength Rating (FSR) is also affirmed at ‘A+’, with a ‘Stable’ Outlook.
CI previously affirmed Al Rajhi Bank's Long-Term FCR and upgraded Short-Term FCR, with FSR's 'Stable' Outlook.
The Saudi bank’s profits jumped 12.7% to SAR 2.27 billion in the third quarter of 2017, from SAR 2.01 billion in Q3-16.
