Sat, Jul 26, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking more

UAE: Fitch assigns Dubai Islamic Bank rating A with stable outlook

Posted on 02 February 2011

From Globalarabnetwork.com: Fitch Ratings has assigned Dubai Islamic Bank (DIB) a Long-term foreign currency Issuer Default Rating (IDR) of ‘A’ with a Stable Outlook, Short-term IDR of ‘F1′, Individual Rating of ‘C/D’ and Support Rating Floor of ‘A’. The bank’s Support Rating of ‘1′ has been affirmed, Global Arab Network reports according to a press statement.
DIB’s Long- and Short-term IDRs and Support Rating reflect 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 and DIB’s leading Islamic franchise and systemic importance as a major retail bank……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031