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Moody's rates Bank of Umm Al-Qaiwain Baa2
Moody's Investors Service said it assigned Baa2 long-term and prime-2 short-term deposit ratings and a D bank financial strength rating to National Bank of Umm Al-Qaiwain.
The outlook is stable.
The ratings are derived from the bank's strong overall financial metrics and underscored by strong earning capacity, high capital adequacy levels and good operational efficiency, Moody's said.
The rating is constrained by the bank's small market shares and concentrations on the asset and liability sides, the agency said. The constraints are further intensified by a lack of international diversification and a strong focus on wholesale banking, Moody's added.
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