Dubai – Mubasher: Fitch Ratings has affirmed Dubai-listed Ajman Bank’s Long-Term Issuer Default Rating (IDR) rating at ‘BBB+’ with a stable outlook.
The global rating agency has also confirmed the bank’s short-term credit rating at F2, according to the sharia-compliant lender's statement.
"We are delighted on the positive result of the review that supports Ajman Bank's credit rating as it builds on the progress made by the bank over the past period,” Ajman Bank’s CEO Mohamed Amiri commented.
"Ajman Bank continues to achieve a long-term vision to become a leading banking brand for the UAE's preferred financial services initially and in the rest of the GCC at a later stage,” Amiri said.
Ajman is a Dubai-listed Islamic bank provides a variety of sharia-compliant services.
