Al Masraf - FCRs Raised; Outlook Remains Stable

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has raised the Long-Term Foreign Currency Rating (LT FCR) of Al Masraf to 'A' from 'A-'. The Short-Term Foreign Currency Rating (ST FCR) has also been raised to 'A1' from 'A2'. At the same time, CI Ratings has assigned to the Bank a Bank Standalone Rating (BSR) of 'bbb', a Core Financial Strength (CFS) rating of 'bbb-' and an Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR is Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (UAE, Al Masraf (Arab Bank for Investment and Foreign Trade))
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