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UAB keeps strong credit ratings
- United Arab Emirates: Monday, August 24 - 2009 at 10:14
The international credit rating agency, Capital Intelligence has left United Arab Bank's (UAB) foreign currency ratings unchanged at BBB+ long-term and A2 short-term. The long-term rating indicates good credit quality with a satisfactory ability to fulfilment its financial obligations in a timely fashion, while the A2 rating indicates a strong capacity for timely repayment over the short-term, the rating agency said. UAB posted an H109 net profit of Dhs134m for the period ending June 30, up 11% on the same period last year.
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StaffMonday, August 24 - 2009 at 10:14 UAE local time (GMT+4)
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