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The Islamic South gets a "stable outlook" rating

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The Islamic South gets a "stable outlook" rating

Al Janoub Islamic Bank logo. "Internet"
Economy News - Baghdad


Al Janoub Islamic Bank announced, on Sunday, that the Capital Intelligence Agency for credit ratings granted the bank a stable future evaluation.

A bank statement received by Al-Eqtisad News stated, “The Capital Intelligence Agency for Credit Ratings, CI Ratings, which is a global rating agency approved by the Central Bank of Iraq, has granted long-term currency classification (LT FCR) and short-term currency classification (ST FCR) to Al Janoub Islamic Bank. For Investment and Finance ( JIB ) for “ B -” and “B” respectively.

The statement added that the agency gave the bank a "stable outlook."

The statement continued: "Capital Intelligence has assigned an independent rating to the bank (BSR) at (B -) with a stable outlook, while the classification of the underlying financial strength (CFS) was at "b".

Number of observations 16   Date of addendum 08/16/2020

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