S&P Global Affirms Bank Islam Brunei Darussalam’s A- Rating with a Stable Outlook

S&P Global has affirmed its A- rating on Bank Islam Brunei Darussalam (BIBD), a rating which BIBD has maintained since 2015. S&P Global stated that the rating reflects BIBD’s strong market share and diversified portfolio in Brunei.

The rating also incorporates BIBD’s business position as the largest bank in Brunei, as well as its strong capitalisation. S&P Global noted that BIBD has a diversified deposit base and strong liquidity.

The Stable Outlook reflects S&P Global’s view that BIBD will maintain its high level of systematic importance in Brunei, coupled with the maintenance of a steady financial profile.

BIB...