...We revised the anchor for rating The National Commercial Bank (NCB) to '###+' + 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. + DUBAI (Standard & Poor's) June 4, 2015--Standard & Poor's Ratings Services said today that it had 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, to '###+' from 'a-' for NCB to reflect an incremental increase of the bank's exposure to Turkey, which we see as having higher economic risk than Saudi Arabia. At the...
