National Bank of Fujairah's Financial Strength Ratings Raised to BBB+
Capital Intelligence (CI), the international credit rating agency, today announced that it has raised National Bank of Fujairah's financial strength ratings from 'BBB' to 'BBB+', which is supported by the bank's strengthened asset quality ratios, the increased Tier 1 capital base and overall good profitability and liquidity. CI also changed the outlook for the bank's financial strength ratings from 'Positive' to 'Stable'.
Click here to read Capital Intelligence's announcement.