Fitch rates Emirates NBD

Fitch Ratings said it assigned Emirates NBD a long-term issuer default rating of A+, short-term issuer default rating of F1 and long-term senior unsecured debt rating of A+, along with a long-term subordinated debt rating of A on its $7.5 billion euro medium-term note program and short-term rating of F1 on its $1.5 billion euro commercial paper program.

The ratings follow news that the bank will be the main licensed banking entity within the group and that all the assets and liabilities of Emirates Bank International and National Bank of Dubai have been assumed by Emirates NBD, Fitch said.

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