Fitch Rates Iraq’s KIIB Bank ‘CCC+’
By John Lee. Fitch Ratings has assigned the Kurdistan International Islamic Bank (KIIB) a Long-Term Issuer Default Rating (IDR) of ‘CCC+’, and Viability Rating (VR) at ‘ccc+’. It says the rating reflects the bank’s “weak franchise, unstable business model and operations in the highly volatile operating environment of Iraq”. More here. (Source: Fitch Ratings)
The post Fitch Rates Iraq’s KIIB Bank ‘CCC+’ first appeared on Iraq Business News.
Iraqinews
July 6, 2022
