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Islamic Finance Briefing - Categorized | Banking more

Moody’s places Dubai Bank on review

Posted on 25 May 2011

Moody’s Investors Service has placed the E+ bank financial strength rating (BFSR), mapping to B1 on the long-term rating scale, of Dubai Bank (DB) on review with direction uncertain. Moody’s has also placed on review with direction uncertain DB’s Baa2/Prime-3 local and foreign-currency issuer ratings.
Moody’s has also placed on review with the same direction the provisional P(Baa2)/Prime-3 ratings of DB Sukuk Company Ltd a special purpose entity created to issue Trust Certificates to investors under $5 billion Trust Certificate Issuance Programme, launched on behalf of Dubai Bank……………………………………….Full Article: Source

 
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