Fitch Ratings has affirmed Bank Aljazira’s (BAJ) Long-term Issuer Default Rating (IDR) at ‘A-’ with a Stable Outlook and its Viability Rating (VR) at ‘bb+’. The agency has also affirmed Aljazira Capital’s (AJC) Long-term Issuer Default Rating (IDR) at ‘A-’ with a Stable Outlook. A full list of ratings is at the end of this comment.
BAJ’s IDRs, Support Rating and Support Rating Floor reflect Fitch’s view that there would be an extremely high probability of support from the Saudi authorities, if needed………………………………………..Full Article: Source