Abu Dhabi – Mubasher: Capital Intelligence Ratings (CI) assigned a financial strength rating (FSR) of “A+” to First Abu Dhabi Bank (FAB), according to a statement.
 CI’s rating was backed by the bank’s strong management, dominant position in the domestic market, strong international franchise, and sound financial fundamentals.
 The high level of customer concentrations in deposits and loans, in addition to the challenging operating environment are constraining factors.
“The long- and short-term foreign currency ratings (FCRs) are “AA-“ and “A1+”, respectively; the ratings are the same as those assigned to the sovereign,” the statement added.
FAB is one of Gulf region’s largest banks with total assets of AED 682 billion ($186 billion) at end of the first quarter of 2017, F.