United Arab Bank; Core Financial Strength Raised and Other Ratings Affirmed

Overview

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

Attachments

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