Capital Intelligence Upgrades Gulf Banks Outlook to Positive

Capital Intelligence Ratings, the global credit ranking agency, introduced today that it has actually assigned a "Positive" overview to Gulf Bank and affirmed its Financial Strength Rating of BBB+. "The ranking continues to be underpinned by Gulf Bank's great funding possession top quality, strong resources ratios, audio liquidity and enhancing operating earnings", Said Capital Intelligence. The rating also reflects, inning accordance with Capital Intelligence "Gulf Bank's setting as the 2nd largest conventional business bank with a reputable residential franchise business". Gulf Bank's Long- and Short-Term. Foreign Money Scores are verified at 'A' and 'A2', respectively. Capital Intelligence has actually appointed a 'Favorable' Expectation for all ratings in expectation of an additional improvement in a variety of the Gulf Bank's financial metrics.

Commenting the Capital Intelligence credit rating announcement, Ms. Dalal Al-Dousari, Gulf Bank's Assistant General Manager of Investor Relations claimed:" We are proud to announce the 2nd "Positive" outlook upgrade of Gulf Bank this year. In Addition to this Positive outlook upgrade from Capital Knowledge, S&P Scores has actually upgraded Gulf Bank's overview to "Positive" and attested its issuer credit ranking at "A-" on June 2017. "" Gulf Bank continuouslies be well recognized in terms of its credit value and financial stamina globally". Said Al-Dousari. Previously this year, Fitch Ratings has upgraded Gulf Bank's stability ranking from "bb" to "bb+" and affirmed the bank's Long-Term Issuer Default Rating at 'A+'; with a Stable Expectation. Likewise, Moody's Investors Service Attested the bank's "A3" long-lasting deposits score and Stable outlook on October 18, 2017.