Rakbank - Ratings Affirmed with a Stable Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of National Bank of Ras Al-Khaimah (Rakbank or the Bank) at 'A' and 'A1', respectively. At the same time, CI Ratings has affirmed Rakbank's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating at '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, National Bank of Ras Al-Khaimah - RAKBANK)
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