Fitch starts BBB IDR for Investcorp

Fitch Ratings said it has assigned a BBB long-term issuer default rating (IDR) to Investcorp Bank BSC.

At the same time, Fitch affirmed the ratings of Investcorp SA and Investcorp Capital Ltd.

The outlook is positive for both Investcorp Bank BSC and its subsidiary ratings.

Fitch said it expects to rate preference shares to be issued by Investcorp Bank BSC BB+.

Fitch assigned Investcorp Bank BSC's long-term IDR BBB; preferred BB+; short-term rating F2; individual B/C; support 5.

Fitch affirmed the following, with a positive outlook: Investcorp SA at long-term IDR BBB, short-term F2, individual B/C and support 5; Investcorp Capital Ltd. at long-term IDR BBB, senior debt at BBB, short-term at F2, individual B/C and support 5.

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