We revised the anchor for rating The National Commercial Bank (NCB) to 'bbb+' from 'a-' to reflect an incremental increase in the bank's exposure to Turkey. However, we now regard NCB's business position as strong rather than adequate, in light of the bank?s success in maintaining its leading market position and its higher geographic diversification than local peers'. We are therefore affirming our 'A+/A-1' ratings on NCB. The negative outlook mirrors that on Saudi Arabia. On June 4, 2015, Standard&Poor?s Ratings Services affirmed its 'A+' long-term and 'A-1' short-term counterparty credit ratings on Saudi Arabia-based The National Commercial Bank (NCB). The outlook remains negative. The affirmation follows the revision of our anchor, the starting point of our rating,
