VOL. XLV

No 26

1-July-2002

UAE

Fitch Assigns Ratings To EBI Medium Term Note Program

International rating agency Fitch has assigned an A ratingto the senior unsecured debt and A- to the subordinated debt under the $1bnEuro medium-term note program to be launched by Dubai-based Emirates Bank International(EBI). The first tranche of $200mn floating ratenotes, due in 2007, which was launched under this program on 25 June, has beenassigned an A rating (MEES, 3 June).

EBI, 77% owned by the Government...