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Fitch assigns ‘A’ rating to Dubai Islamic Bank

Posted on 22 February 2011

From Cpifinancial.net: Agency cites bank’s ‘strong franchise, earnings power and satisfactory liquidity position’, assigns 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’
Dubai Islamic Bank’s (DIB) Support Rating of ‘1′ has also been affirmed. The Individual Rating, according to Fitch, reflects DIB’s strong franchise, earnings power and satisfactory liquidity position……………………………………….Full Article: Source

 
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