Moody's rates Emirate C-

Moody's Investors Service said it assigned Emirate NBD PJSC a C- bank financial strength rating, which maps to a baseline credit assessment of Baa2, A1 long-term local- and foreign-currency deposit ratings and prime-1 short-term local- and foreign-currency deposit ratings. Some of the ratings are on review for possible downgrade.

The new bank was created following the legal merger of Emirates Bank International PJSC and National Bank of Dubai PJSC. It will assume legal responsibility for all debt issued and guaranteed by Emirates Bank and National Bank of Dubai.

© 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.