Middle East Economic Survey

VOL. XLVII

No 49

6-December-2004

RATINGS

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...