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IIRA reaffirms Bank ABC Islamic ratings

Bahrain Business
Wed, 14 Dec 2016

MANAMA: Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Bank ABC Islamic (ABCI) at A-/A2 (Single A Minus/A Two) on the international scale and at A+(bh)/A1(bh) (Single A Plus/A One) on the national scale, with a stable outlook. In a statement, IIRA said in its assessment the bank’s overall fiduciary score lies in the range of 76-80, which represents strong fiduciary standards with a well-developed governance structure, wherein the rights of various stakeholders are considered to be well-protected.