VOL. XLVI

No 19

12-May-2003

RATINGS

Capital Intelligence Upgrades National Bank of Fujairah

Capital Intelligence (CI) announced on 6 May that it had raised the foreign currency long-term rating of National Bank of Fujairah (NBF) to BBB, from BBB-. The short-term rating is unchanged at A3. The banks financial strength rating was also raised to BBB, from BBB-. The outlook, which has been positive since June 2002, now reverts to stable. The upgrade reflects the banks consistent good performance in...