Middle East Economic Survey
Fitch Affirms NBAD Ratings
Fitch Ratings on 26 November affirmed National Bank of Abu Dhabis (NBAD) ratings at long-term A, short-term F1, individual C and support 1. The outlook remains stable. The long-term and short-term ratings reflect the high probability of support for NBAD from the Abu Dhabi authorities. The individual rating reflects the banks strong and consistent profitability and satisfactory asset quality being offset...