Fitch assigns A- rating to Bank Aljazira with stable outlook

Fitch affirmed Bank Aljazira's long-term issuer default rating at A- with a stable outlook.

The agency assigned the bank a short-term issuer default rating (IDR) at F2, individual rating at C/D, support rating at 1 and support rating floor at A-.
 

The agency also affirmed the long-term IDR rating of Aljazira Capital, a subsidiary of the bank, at A- with a stable outlook, short-term IDR at F2 and support rating at 1.

Fitch said the rating reflects its belief of an extremely high probability that Saudi authorities lend support to the bank, if needed.