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CI Ratings affirms Emirates NBD’s ratings

CI Ratings affirms Emirates NBD’s ratings
The bank’s ratings were affirmed with a stable outlook
Emirates NBD
EMIRATESNBD
1.16% 13.05 0.15

Dubai – Mubasher: Capital Intelligence Ratings (CI Ratings), the international credit rating agency, announced that it has affirmed the long-term foreign currency rating (LT FCR) of the UAE-based Emirates NBD at 'A+'.

The agency also maintained the bank’s short-term foreign currency rating (ST FCR) at 'A1', CI Ratings said in a press release.

The bank’s ratings were affirmed with a stable outlook, the credit rating agency added.

Earlier this month, Emirates NBD revealed it was ranked the 19th among 250 businesses in the Forbes’ third annual list of the World’s Best Regarded Companies.

In July, the leading banking group said it had recorded a net profit of AED 7.5 billion for the first half of 2019, up 49% from AED 5.01 billion in H1-18.