Capital Intelligence affirms ratings of Bank AlJazira

Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed the ratings of Bank AlJazira (BAJ), based in Jeddah, Saudi Arabia. The Bank's successful development of itsnew markets in terms of loans and deposits, its continually improving asset quality and its improved capital profile supports the Financial Strength Rating of 'BBB'. Moreover, the factors mentioned above affirm the Long-Term Foreign Currency Rating at 'BBB+' and the Short-Term Foreign Currency Rating at 'A2'.