Abu Dhabi – Mubasher: Capital Intelligence Ratings (CI) has affirmed Bank of Sharjah’s long- and short-term foreign currency ratings at 'A-' and 'A2', respectively.

Furthermore, the rating agency has assigned 'bbb-' to Bank of Sharjah’s standalone rating, while the outlook for is ‘Stable’, CI said in a recent statement.

In August, Bloomberg reported that the bank which is listed on the Abu Dhabi Securities Exchange (ADX) intends to issue dollar-denominated bonds valued $500 million by the end of 2019.