The Support rating is ‘1’, reflecting the Bank’s strong ownership and the extremely high likelihood that official support will be forthcoming in case of need. The Financial Strength rating is retained at ‘A+’ with …Read full article » United Arab Emirates: Tuesday, September 06 - 2011 @ 15:48
However, the Bank’s asset quality given the substantial increase in NPLs are constraining factors. Although a ‘Stable’ Outlook is appended to the FSR in view of the Bank’s good performance in the first quarter …Read full article » United Arab Emirates: Tuesday, July 03 - 2012 @ 13:50
The foreign currency ratings are affirmed at A+ long-term and A1 short-term. The outlook for all the ratings is Stable.
The upgrade is underpinned by the bank’s improving financials. UNB’s balance sheet has expanded …Read full article » United Arab Emirates: Monday, July 02 - 2007 @ 12:21
The agency has also raised UAE’s short-term foreign and local currency ratings to A1+ from A1. The outlook is stable.
The upgrade reflects CI’s expectation that the fiscal and external current account positions will remain in …Read full article » United Arab Emirates: Wednesday, May 23 - 2007 @ 15:20
Capital Intelligence (CI) announced that is has affirmed the United Arab Emirates’ (UAE) Long-Term Foreign and Local Currency Sovereign Ratings of ‘AA-’ and its Short-Term Foreign and Local Currency Sovereign Ratings of ‘A1+’. The …Read full article » : Saturday, January 18 - 2014 @ 09:45
Capital Intelligence (CI), the international credit rating agency, announced that is has affirmed the United Arab Emirates’ (UAE) Long-Term Foreign and Local Currency Sovereign Ratings of ‘AA-’ and its Short-Term Foreign and Local Currency Sovereign …Read full article » : Saturday, July 12 - 2014 @ 09:15
The latest rating action follows TID’s recent default on an $100m sukuk, which matures in 2010.
Capital Intelligence downgraded TID to ‘SD’ in February 2009 from ‘BB’ with a negative outlook following the default on one …Read full article » Kuwait: Tuesday, May 19 - 2009 @ 11:36
The Support Level of ‘4’ is maintained reflecting some uncertainty about the ability and willingness of potential supporters to provide sufficient and timely assistance in case of need. The Outlook for all the ratings …Read full article » Bahrain: Wednesday, August 17 - 2011 @ 09:32
However, the Outlook for the ratings was changed to ‘Negative’ (from ‘Stable’) in view of TAIB Bank’s sustained large loss at both operating and net levels in H1 2012, the consequent negative impact on its …Read full article » Bahrain: Thursday, September 06 - 2012 @ 16:25
The Support level of 4 was affirmed reflecting the very limited support that Taib Bank can expect from its largest shareholder the Dubai Financial Group (DFG), the wholly owned financial holding company of Dubai Group, …Read full article » United Arab Emirates: Wednesday, June 30 - 2010 @ 16:02