Fitch Ratings said on Wednesday that UAE-based Sharjah Islamic Bank (SIB) had performed well through the global economic crisis, but its high exposure to real estate could still be problematic.
The agency affirmed a long-term foreign currency issuer default rating (IDR) of BBB+ with a stable outlook, short-term IDR of F2, individual rating of C/D, support rating of 2 and support rating floor of BBB+……………………………………….Full Article: Source