Rating boost for Bank AlJazira
<p>Islamic International Rating Agency (IIRA) has assigned a national scale rating of A+/A-1 (SR) to Bank AlJazira. On the international scale, IIRA has assigned a foreign currency and local currency rating of A-/A-2. Outlook on the rating is ‘stable’. The fiduciary score has been assessed in the range of ‘71-75’, reflecting adequate fiduciary standards. The assigned credit ratings incorporate the bank’s improving asset quality and standalone profitability as well as an adequate liquidity profile and capitalization levels. However, BAJ, like other banks in Saudi Arabia, remains sensitive to concentration related risks. While large single exposures are likely to persist in the portfolio, segment-wise broadening will overtime reduce its possible impact, in case of impairment in large financings.</p>
<div>
<div>Source: </div>
<div>
<div>
<p><a href="http://www.arabnews.com/news/456767" title="http://www.arabnews.com/news/456767">http://www.arabnews.com/news/456767</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5354&layout=button_count&show_faces=false&action=like&colorscheme=light&width=100&height=21&font=&locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5354" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5354&count=horizontal&via=&text=Rating%20boost%20for%20Bank%20AlJazira&counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5354" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5354" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5354&t=Rating+boost+for+Bank+AlJazira" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5354&title=Rating+boost+for+Bank+AlJazira" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5354&t=Rating+boost+for+Bank+AlJazira" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5354&title=Rating+boost+for+Bank+AlJazira" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5354&title=Rating+boost+for+Bank+AlJazira&summary=Islamic+International+Rating+Agency+%28IIRA%29+has+assigned+a+national+scale+rating+of+A%2B%2FA-1+%28SR%29+to+Bank+AlJazira.+On+the+international+scale%2C+IIRA+has+assigned+a+foreign+currency+and+local+currency+rating+of+A-%2FA-2.+Outlook+on+the+rating+is+%E2%80%98stable%E2%80%99.+The+fiduciary+score+has+been+assessed+in+the+range+of+%E2%80%9871-75%E2%80%99%2C+reflecting+adequate+fiduciary+standards.+The+assigned+credit+ratings+incorporate+the+bank%E2%80%99s+improving+asset+quality+and+standalone+profitability+as+well+as+an+adequate+liquidity+profile+and+capitalization+levels.+However%2C+BAJ%2C+like+other+banks+in+Saudi+Arabia%2C+remains+sensitive+to+concentration+related+risks.+While+large+single+exposures+are+likely+to+persist+in+the+portfolio%2C+segment-wise+broadening+will+overtime+reduce+its+possible+impact%2C+in+case+of+impairment+in+large+financings.%0A&source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5354&title=Rating+boost+for+Bank+AlJazira" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>
