Home Posts tagged Fitch

Fitch

NEWS DESK

Fitch upgrades United Arab Bank’s Viability Ratings  to ‘bb-‘ and affirms Long-term Ratings  at ‘BBB+’, outlook Stable

United Arab Bank (UAB) announced 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 ‘bb-‘ from ‘b+’. The upgrade of the VR reflects the bank’s improved asset quality and profitability metrics, which Fitch expects to be sustained in the medium
NEWS DESK

Fitch affirms Emirates Development Bank’s ‘AA-‘ credit rating with a stable outlook

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