Abu Dhabi, United Arab Emirates, 23 May 2023: S&P Global Ratings (“S&P”) affirmed the ‘AA-‘ credit rating for Emirates Development Bank (“EDB” or “the Bank”), demonstrating the Bank’s strong creditworthiness. The rating comes with a
Moody’s improves AFC’s outlook to stable from negative, affirming A3 long-term issuer and senior unsecured ratings Stable outlook “underlines the resilience of AFC’s credit profile in the face of significant shock” from Covid pandemic, says Moody’s A3 rating affirmation underpinned by AFC’s intrinsic financial strength, which includes a capital adequacy ratio of 34.1% and