Ras Al Khaimah’s credit rating has been upgraded to ‘A+’ from the previous ‘A’, by the international credit rating agency Fitch Ratings. The upgrade reflects the Emirate’s improved credit metrics driven by stronger medium-term growth forecasts. The growth forecasts for the Emirate are based on
Fitch
Bank of Sharjah is pleased to announce that Fitch Ratings has affirmed its Long-Term Issuer Default Rating (IDR) at ‘BBB+’with a stable outlook and upgraded its Viability Rating (VR) to ‘b-‘ from’ccc+’. The VR upgrade reflects the bank’s improved consolidated capitalisation following the reclassification of Emirates Lebanon Bank (ELB), its 100%
Fitch Ratings has affirmed Emirates Development Bank’s (“EDB” or “the Bank”) at ‘AA-‘credit rating, demonstrating the Bank’s strong creditworthiness due to its strategic importance to the UAE’s national agenda. The rating also comes with a ‘stable’ outlook, indicating confidence in EDB’s long-term ability to maintain its financial stability. In its report, Fitch Ratings