Tagged: Fitch Ratings

Fitch affirms Dubai Islamic Bank at ‘A’

Fitch affirms Dubai Islamic Bank at ‘A’

Fitch Ratings has affirmed Dubai Islamic Bank’s (DIB) Long-term Issuer Default Rating (IDR) at ‘A’. This is due to the bank’s systemic importance and the Dubai government’s 30 per cent stake. Hence, there is a high probability of support from UAE authorities if needed. The bank’s Viability Rating (VR) at ‘bb’ reflects the domestic operating environment and DIB’s asset quality among others. The Long-term IDR is expected to be stable.

Alinma Bank outlook ‘stable’

Alinma Bank outlook ‘stable’

Alinma Bank has been assigned a long-term issuer default rating (IDR) of ‘A-’ with a stable outlook, a short-term IDR of ‘F2’, a viability rating (VR) of ‘bbb-’, a support rating of ‘1’ and a support rating floor of ‘A-’ by Fitch Ra…