Middle East Economic Survey


No 48



Moodys Assigns A1/Prime-1 Rating To Emirates NBD

Moodys Investor Services has assigned Emirates NBD a long-term rating of A1 and affirmed its short-term rating of Prime-1, it said on 24 November. The agency also assigned it a bank financial strength rating (BFSR) of C-, which maps to a baseline credit assessment (BCA) of Baa2. Both the long-term rating and BCA were said to be on review for a possible downgrade by the end of the year. The...