Fitch affirms Emirates Islamic Bank

Fitch Ratings said it affirmed Emirates Islamic Bank's long-term issuer default rating at A+ with stable outlook and viability rating at bb+.

On the basis of ex-government support, the bank was upgraded on its long-term issuer default rating and senior debt rating, shifting up to BBB- from BB+. The rating is equalized with Emirates NBD Bank PJSC's long-term issuer-default rating on the basis of shareholder support.

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