United Arab Bank’s Ratings Affirmed with a ‘Negative’ Outlook

Overview

Capital Intelligence Ratings (CI Ratings), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of UAE's United Arab Bank (UAB) at 'BBB+' based on the Bank's aggressive provisioning as well as its commitment to maintaining strong coverage on impaired loans. The rating is also supported by UAB's good capital adequacy ratio (CAR), reasonably good operating profitability (despite falling) and satisfactory liquidity.

Attachments

• View Credit Rating Announcement (CRA)
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• Bank Rating Report (UAE, United Arab Bank)
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