Dubai – Mubasher: Moody's Investors Service has withdrawn the MQ3 management quality assessment of Mashreq Capital (DIFC) Limited, a subsidiary of the UAE’s Mashreq Bank.

The global rating agency stated that it has taken this decision “for its own business reasons”, according to a statement.

Mashreq Bank reported robust results for the first nine months of 2018, citing higher non-interest income.

The bank achieved AED 1.7 billion ($460 million) in net profits between January and September 2018, up 5% year-on-year, while operating income grew 3.6% to AED 4.6 billion.