Wednesday 30, December 2009 by
Moody's downgrades Abu Dhabi Commercial Bank to A1/D+
The bank's senior unsecured debt rating was also downgraded to A1 from Aa3 and the subordinated debt rating to A2 from A1. The debt rating downgrades also apply to ADCB Finance (Cayman) Limited, the second issuer under the bank's Global Medium-Term Note programme, which is directly and unconditionally guaranteed by ADCB. The outlook on all ratings is negative.
