‘A-’ rating is the highest for a Bruneian bank

GLOBAL credit rating firm Standard & Poor’s (S&P) has affirmed its ‘A-‘ long-term issuer credit rating on Bank Islam Brunei Darussalam (BIBD), with the sultanate’s flagship financial institution expected to retain its strong market position and financial stability.

The ‘A-‘ rating is the highest for a Bruneian bank and on par with other banks in the region.

S&P also affirmed its ‘A-2’ short-term issuer credit rating and the ‘axAA-‘ long-term and ‘axA-1’ short-term ASEAN regional scale rating on BIBD.