FCIB – Standard and Poor’s Reaffirms FCIB’s Strong A- Credit Rating

Following the announcement that CIBC and Barclays have signed a non-binding Letter of Intent for CIBC to acquire Barclay’s stake in FCIB’s Ltd., Standard & Poor’s Rating Services has confirmed its ‘A-/A-2’ counterparty credit ratings on FirstCaribbean and its ‘BBB+’ rating on FirstCaribbean International Bank (Cayman) Ltd. guaranteed subordinated floating rate notes. Standard & Poor’s confirmed the outlook for the company as ‘stable’.