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Prospect News home > News index > List of issuers A > Headlines for Abu Dhabi Commercial Bank PJSC > News item |
Fitch rates Abu Dhabi Commercial Bank A+
Fitch Ratings said it assigned Abu Dhabi Commercial Bank a long-term foreign-currency issuer default rating of A+ with a stable outlook and short-term issuer default rating of F1.
The ratings reflect the extremely high probability of support from the United Arab Emirates authorities if needed, Fitch said.
The ratings are constrained by the bank's weak asset quality, its vulnerability to high concentration risks in loans and deposits and its tight capital and liquidity position, the agency said.
Fitch said it expects a strong rebound in performance during 2011 after a difficult past two years due to worsening asset quality.
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