Rakbank’s Ratings Affirmed with a Positive Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook for the Long-Term Foreign Currency Rating (LT FCR) and the Bank Standalone Rating (BSR) of National Bank of Ras Al Khaimah (Rakbank) to Positive from Stable. At the same time, CI Ratings has affirmed Rakbank's LT FCR and Short-Term Foreign Currency Rating (ST FCR) at 'A-' and 'A2', respectively. Rakbank's BSR of 'bbb', Core Financial Strength (CFS) rating of 'bbb' and Extraordinary Support Level (ESL) of High have also been affirmed.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Assessment (UAE, National Bank of Ras Al-Khaimah (RAKBANK))
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