VOL. XLVI

No 36

08-September-2003

UAE

RATINGS

Moodys Upgrades National Bank Of Abu Dhabi

Moodys Investors Service said on 1 September it has upgraded the financial strength rating (FSR) of National Bank of Abu Dhabi (NBAD) to C from C-, with a stable outlook. The upgrade is based on the Abu Dhabi headquartered banks improving financial fundamentals, increasing earning power, satisfactory asset quality and adequate capital position. Managements increased focus on the level and quality of earnings...