Arcapita's investment grade credit rating reaffirmed by S&P

This re-affirmation comes during an extended period of economic uncertainty, when ratings awards across the board are under considerable pressure, and the outlook for the global economy is mixed. It reflects the diversity of the revenue sources built into Arcapita's business model, as well as the strong network of relationships the bank has built with its investor base in the Arabian Gulf.

In its analysis of Arcapita, Standard & Poor's wrote "The ratings on Arcapita continue to reflect its adequate capitalization, satisfactory investment portfolio diversification and wealthy Gulf-Based client base."

Atif A. Abdulmalik, Chief Executive Officer of Arcapita, expressed satisfaction at this conclusion of Standard & Poor's annual review process.

Abdulmalik said:

"In an environment where ratings downgrades have become increasingly commonplace, particularly amongst financial services companies, this re-affirmation of Arcapita's credit rating is a meaningful endorsement for the business that we have built.

"We have been successful in growing the company quickly during recent years, but we have done so whilst maintaining a conservative policy towards the management of our balance sheet and operating within the boundaries of a well-defined risk management infrastructure. As a result of recent efforts, we have further strengthened our liquidity position, and I believe that we are well placed to take advantage of the opportunities that will result from the current market dislocation in the coming quarters," Abdulmalik concluded.