No 30



Moody痴 Adjusts FSRs Of Some UAE Banks

US ratingsagency Moody痴 Investors Service announced on 17 July that it had adjusted thefinancial strength ratings (FSRs) of the five banks it rates in the UAE, inline with the expanded FSR scale (from 9 to 13 levels) introduced earlier inthe year and brought about by the introduction of minus-sign modifiers andrevised definitions. As a result, the five banks are now rated as follows:

National Bankof Abu Dhabi: FSR adjusted to...