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Capital Intelligence affirms ADCB’s credit ratings at 'A+', 'A1'

Capital Intelligence affirms ADCB’s credit ratings at 'A+', 'A1'
The bank's outlook is stable
ADCB
ADCB
0.84% 8.37 0.07

Abu Dhabi – Mubasher: Capital Intelligence Ratings has affirmed the Long-Term and Short-Term Foreign Currency Ratings of Abu Dhabi Commercial Bank at 'A+' and 'A1', with a stable outlook, according to a statement.

ADCB was also assigned a Bank Standalone Rating and a Core Financial Strength ratings of 'bbb+', the statement added.

The Abu Dhabi-listed bank reported a consolidated interim net profit of AED 2.330 billion for the first half of 2019, versus AED 2.332 billion in H1-18.