Moody’s views MashreqBank positively

Moody’s Investors Service said it revised its outlook for MashreqBank psc to positive from stable and affirmed its ratings, including the Baa1 senior unsecured rating.

“The change in outlook to positive from stable on the long-term deposit and senior unsecured debt ratings captures Moody's view that a track record is needed to assess the sustainability of Mashreq's recent improvements in asset quality, coverage levels and net profitability over the next 12 to 18 months,” Moody’s said in a press release.

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