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Islamic Finance Briefing - Categorized | Banking, Performance more

Capital Intelligence downgrades Emirates Bank International, National Bank of Dubai

Posted on 11 November 2009

From Globalarabnetwork.com: Capital Intelligence (CI), the international credit rating agency, today announced that it has reduced the long-term foreign currency ratings of Emirates Bank International (EBI) and National Bank of Dubai (NBD) to A+, one notch below that of the sovereign, to reflect the deterioration in asset quality and tight liquidity.
However, the likelihood of support from the sovereign in case of need remains high. The financial strength rating has been reduced to A…………………………..Full Article: Source

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