Saudi Investment Bank ‘BBB/A-2’ ratings affirmed

S&P affirmed its ‘BBB/A-2’ long- and short-term counterparty credit ratings on The Saudi Investment Bank .The outlook remains stable.

The rating affirmation reflects the strengthening of SAIB’s capitalisation through the issuance of Tier 1 Sukuk, which is considered to have intermediate capital content. The bank’s earnings generation capacity and capital buffer are now relatively on par with those of peers with similar stand-alone credit profiles.

The ratings also reflect bank-specific factors, including SAIB’s business position, which balances the bank’s resilient core revenue generation from commercial banking activities, and its small commercial franchise by international and domestic standards.

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