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S&P lifts Ahli United Bank
Standard & Poor's said it raised the short-term counterparty credit rating on Ahli United Bank BSC to A-2 from A-3 and affirmed its BBB long-term rating.
The outlook is stable.
The upgrade follows the same action on the short-term sovereign rating on the Kingdom of Bahrain, S&P said.
The ratings also reflect the bank's strong business position, adequate capital and earnings, adequate risk position, above average funding and strong liquidity, S&P said.
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