United Arab Bank – Ratings Affirmed; Outlook Revised to Negative

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) of United Arab Bank's (UAB) to Negative from Stable. At the same time, CI Ratings has affirmed the Bank's LT FCR and Short-Term Foreign Currency Rating (ST FCR) at 'BBB' and 'A2', respectively. The Bank's BSR of 'bb+', Core Financial Strength (CFS) rating of 'bb-' and ESL of High have also been affirmed.

Attachments

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