Middle East Economic Survey

VOL. XLVIII

No 6

07-February-2005

UAE

Moodys Assigns A1 Rating To EBIs Upcoming Unsubordinated Notes Issue

Moodys announced on 27 January that it had assigned an A1 rating to the upcoming unsubordinated notes to be issued by Emirates Bank International (EBI). The notes are part of a $3.5bn European Medium Term Note (EMTN) program (which raises finances by borrowing from the capital market or from private investors) already rated by Moodys at A1 and A2 for unsubordinated...