Fitch Rates Iraq’s Sumer Commercial Bank ‘CCC+’
By John Lee. Fitch Ratings has assigned the Sumer Commercial Bank (SCB) a Long-Term Issuer Default Rating (IDR) of ‘CCC+’, and Viability Rating (VR) at ‘ccc+’. It says the rating reflects the bank’s “weak operating environment, limited franchise, unstable business model and weak profitability”. More here. (Source: Fitch Ratings)
The post Fitch Rates Iraq’s Sumer Commercial Bank ‘CCC+’ first appeared on Iraq Business News.
Iraqinews
August 10, 2022
