Credit Rating

National Bank of Fujairah's investment grade ratings speak of the success of our strategy, unwavering customer focus and commitment to sustainable shareholder returns.

Our financial stability is backed by solid capital and liquidity positions and a robust risk management framework.

Read the summarised versions of our ratings reports below or download the detailed PDFs from each agency.

Credit Rating Summary
  Moody's Standard & Poor's Capital Intelligence
Long-Term Baa1 BBB+ A-
Short-Term P-2 A-2 A2
Outlook Stable Stable Stable
 

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Rating Reports

Moody’s

Moody's Investors Service has assigned National Bank of Fujairah (NBF) a deposit rating of Baa1/Prime-2 with a BCA (baseline credit assessment) of ba1. All ratings carry a stable outlook.

NBF's standalone BCA reflects (1) solid capitalisation metrics underpinned by stable profitability and (2) solid liquidity and funding metrics despite rapid asset growth.

NBF's Baa1 issuer rating incorporates a high three notches of uplift from the bank's BCA, which reflects Moody's assessment of a high likelihood of UAE government support in the event of need.

Standard and Poor’s (S&P)

S&P assigned NBF BBB+/A-2 rating, which reflects NBF's business and financial profiles and anticipation that NBF remains a conservatively managed niche bank in UAE’s trade finance and business banking markets.

The long term rating benefits from two notches of uplift, reflecting S&P's view of moderately high likelihood that NBF would receive timely and sufficient extraordinary government support in the event of need.

Capital Intelligence

International credit rating agency, Capital Intelligence, has affirmed  the Group's financial ratings as Stable, citing its good asset quality, solid capital adequacy ratio, sound profitability and good liquidity.

NBF's long term FCR (Foreign Currency Rating) has been maintained at "A-"since 2008, reflecting the Bank’s good management, sound financials  and support from the UAE government.