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Fitch affirms AUB ratings

Fitch Ratings has affirmed Ahli United Bank's (AUB) long-term issuer default rating (IDR) at 'BBB+', Ahli United Bank (Kuwait)'s (AUBK) at 'A-' and Ahli United Bank (UK)'s (AUBUK) at 'BBB+,' Gulf Daily News has reported. However, Fitch has downgraded AUB's viability rating (VR) to 'bbb' from 'bbb+,' which reflects the heightened risk to the group from its 85%-owned subsidiary in Egypt. Fitch has affirmed AUBK's and AUBUK's VRs at 'bbb-'.