CI rates NBAD’s long term forex rating at AA
NBAD's size and its importance to the local economy, coupled with its high Support rating of 1, are major factors underpinning its ratings. The Financial Strength rating is maintained at A+, reflecting NBAD's good asset quality, solid capitalisation and good profitability. NBAD performed well in the first quarter of 2010 and key financial ratios remained strong. With the economy heading towards a mild recovery in 2010, particularly in Abu Dhabi, NBAD's financial prospects remain good.