Fitch rates ADIB's $750 million trust certificates 'A+'
ADIB has a Long-term Issuer Default Rating (IDR) of 'A+' with a Stable Outlook, a Short-term IDR of 'F1', an Individual Rating of 'C/D', a Support Rating of '1' and a Support Rating Floor of 'A+'. The notes have been issued by a special purpose entity, ADIB Sukuk Company Limited, which is incorporated in the Cayman Islands. The notes rank as unsubordinated obligations of the bank. The notes' rating is therefore in line with ADIB's Long-term IDR.