Mubasher: Moody's Investors Service has assigned Counterparty Risk Ratings (CRR) to 46 banks across Bahrain, Kuwait, Oman, Qatar, and the UAE.

The CRR measures the banks' ability to embrace the "uncollateralised" portion of non-debt counterparty financial liabilities (CRR liabilities).

“Moody's starts with the banks' adjusted Baseline Credit Assessment (BCA) and uses the agency's basic Loss-Given-Failure (LGF) approach which is applied to banks in jurisdictions without operational resolution regimes,” Moody’s said in a statement.  

CRR liabilities pertain to transactions with unrelated parties and include the uncollateralised portion of payables arising from derivatives transactions and those under sale and repurchase agreements. 

The rated banks included Khaleeji Commercial Bank, Gulf International Bank, Boubyan Bank, WARBA Bank, Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Dubai Islamic Bank (DIB), Emirates NBD, and First Abu Dhabi Bank (FAB).