Banking Industry Country Risk Assessments On Saudi Arabia, Qatar, Oman, And Bahrain Revised Aug 08

  • ID: 1810317
  • August 2008
  • Region: Bahrain, Oman, Qatar, Saudi Arabia
  • Standard & Poors
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  • Abu Dhabi Commercial Bank
  • Arab Banking Corp. B.S.C.
  • Banque Saudi Fransi
  • Dubai Islamic Bank
  • Mashreqbank
  • Samba Financial Group
  • MORE

Standard & Poor's Ratings Services raised its Banking Industry Country Risk Assessment (BICRA) on four countries of the Gulf Cooperation Council (GCC): Kingdom of Saudi Arabia (AA-/Stable/A-1+) to Group 3 from Group 4; State of Qatar (AA-/Stable/A-1+) to Group 4 from Group 5; Sultanate of Oman (A/Stable/A-1) to Group 5 from Group 6; and Kingdom of Bahrain (A/Stable/A-1) to Group 5 from Group 6. The BICRAs on the United Arab Emirates (UAE; not rated) and State of Kuwait (AA-/Stable/A-1+) are in Group 4. Standard & Poor's also affirmed its estimate of the incidence of gross problematic assets (GPAs) in the financial systems of the six GCC countries in an economic recession at 15%-30%. These actions in themselves will not automatically...

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Gulf International Bank B.S.C.
- National Bank of Kuwait S.A.K.
- Arab Banking Corp. B.S.C.
- The National Commercial Bank
- Arab National Bank
- Samba Financial Group
- Riyad Bank
- National Bank of Dubai
- Emirates Bank International PJSC
- National Bank of Abu Dhabi
- Mashreqbank
- Abu Dhabi Commercial Bank
- Commercial Bank of Kuwait
- BankMuscat S.A.O.G.
- Burgan Bank
- Al Rajhi Bank
- Dubai Islamic Bank
- Gulf Bank
- Al Ahli Bank of Kuwait
- Kuwait Finance House
- Qatar National Bank
- The International Banking Corp.
- Banque Saudi Fransi
- The Commercial Bank of Qatar
- The Saudi Investment Bank
- Gulf Finance House
- Shamil Bank of Bahrain
- Sharjah Islamic Bank
- Al Baraka Banking Group B.S.C.
- Ahli United Bank B.S.C.
- Doha Bank Q.S.C.
- The Saudi British Bank
- Global Investment House KSCC
- Arcapita Bank

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