United Arab Bank - LT FCR and BSR Raised; Outlook is Revised to Stable

Overview

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

Attachments

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