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...
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