Fitch Ratings has affirmed Abu Dhabi Islamic Bank’s (ADIB) Long-term Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook, Short-term IDR at ‘F1′, Individual Rating at ‘C/D’, Support Rating at ‘1′ and Support Rating Floor at ‘A+’.
The affirmation of ADIB’s Long- and Short-term IDRs and Support Rating reflects the extremely high probability of support from the UAE authorities, if needed. Fitch’s opinion of likely support is based on the long history of support for banks in the UAE, the bank’s franchise and its prominent Abu Dhabi shareholders……………………………………….Full Press Release: Source