Fitch affirms Emirates NBD

Fitch Ratings said it affirmed the long-term issuer default rating at A+, short-term issuer default rating at F1, support rating at 1 and support rating Floor at A+ of Emirates NBD.

The outlook on the long-term issuer default rating is stable.

The agency said that the individual rating of C remains on rating watch negative.

According to Fitch, the affirmation of the company's long- and short-term issuer default ratings reflects the extremely high probability of support from the United Arab Emirates' authorities and the emirate of Dubai.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.