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Stable Outlook

NEWS DESK

Ras Al Khaimah’s strong economic and investment environment validated by Fitch affirmation of ‘A+’ credit rating, with Stable Outlook

PR News Desk
Ras Al Khaimah’s strategic approach to sustainable, cross-sector growth and strong economic and investment environment has been validated by international credit rating agency Fitch, which reaffirmed the rating at ‘A+’ with a stable outlook. Ras Al Khaimah Government welcomed the announcement
Bank of Sharjah
NEWS DESK

Fitch Upgrades Bank of Sharjah’s VR to ‘b-‘ and Affirms IDR at ‘BBB+’ with a Stable Outlook

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%