Dubai – Mubasher: Capital Intelligence Ratings (CI) raised the Financial Strength Rating (FSR) of Emirates NBD to 'A-' from 'BBB+', according to a statement.
Recovery of the bank’s asset quality especially coverage ratio of none-performing assets reflect declining non-performing loans.
In early August, Moody's Investors Service affirmed Emirates NBD's credit rating at A3, with a “Stable” outlook.
