VOL. XLI

No. 50

14-December-1998

UAE

Thomson BankWatch Assigns And Affirms UAE Bank Ratings

The ratings agency Thomson BankWatch announced on 9 December that ithad assigned and affirmed ratings for two UAE banks, National Bank of Ras al-Khaimah andUnion National Bank (UNB), as follows:

National Bank of Ras al-Khaimah

Short-Term Local Currency Debt Rating Assigned LC-1

Union National Bank

Short-Term Local Currency Debt Rating Affirmed LC-1

Short-Term Debt Rating Assigned TBW-1

Senior Debt Rating...