Thu, Sep 18, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Performance more

Negative rating of Dubai banks to lead asset quality deterioration

Posted on 08 July 2009

From Globalarabnetwork.com: Standard & Poor’s Ratings Services said today that it has lowered its long- and short-term counterparty credit ratings on Dubai-based Emirates Bank International PJSC (EBI), National Bank of Dubai (NBD), and Mashreqbank to ‘A-/A-2′ from ‘A/A-1′.
We also lowered our long-term counterparty rating on Dubai Islamic Bank (DIB) to ‘BBB+’ from ‘A-’ and affirmed our ‘A-2′ short-term rating on the bank. The outlooks on all these ratings are negative……..Full Article: Source

 
Article link

This post was written by:

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


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930