Thursday 20, April 2017 by William Mullally

Abu Dhabi Islamic Bank's A2 long-term issuer ratings; upgrades BCA to ba1 from ba2

The outlook on ADIB's ratings remains negative, in line with the outlook of the sovereign rating of the Government of United Arab Emirates (UAE, Aa2, negative) where the bank primarily operates.

Moody's Investors Service has today affirmed Abu Dhabi Islamic Bank's (ADIB) A2/Prime-1 long- and short-term domestic and foreign currency issuer ratings. At the same time, Moody's upgraded the bank's standalone baseline credit assessment (BCA) to ba1 from ba2.

The outlook on ADIB's ratings remains negative, in line with the outlook of the sovereign rating of the Government of United Arab Emirates (UAE, Aa2, negative) where the bank primarily operates.

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