Fitch affirms Emirates Bank

Fitch Ratings said it affirmed Dubai-based Emirates Bank International's ratings at issuer default A with a stable outlook, short-term F1, individual B/C and support 1.

Fitch said the ratings reflect the bank's strong national franchise, consistent profitability, adequate capitalization and good asset quality. The support rating reflects an extremely high probability of support being provided by United Arab Emirates authorities, should it ever be required.

The ratings also reflect the bank's moderate liquidity ratios, rapid loan growth and concentrations within the corporate loan portfolio.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.