Capital Intelligence affirms CIB ratings at ‘BBB-‘

Capital Intelligence (CI), the international credit rating agency, announced that Commercial International Bank (CIB)’s Financial Strength Rating (FSR) is maintained at ‘BBB-‘.

In a statement released on August 20^th, CI said the rating was constrained by Egypt’s heightened sovereign risks derived from the balance of payments and/or currency crisis, coupled with ongoing economic pressures, elevated credit risk in the economy and asset concentrations.