Abu Dhabi Commercial Bank – Ratings Affirmed with a Stable Outlook

Ref: AE0 012 3 CRA 00- 0 1 2 0 September 202 4

Abu Dhabi Commercial Bank – Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI ) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Abu Dhabi Commercial Bank (ADCB) at ‘A+’ and ‘A1’ , respectively. At the same time , CI Ratings has affirmed ADCB’s Bank Standalone Rating (BSR) of ‘bbb+’, Core Financial Strength (CFS) rating of ‘bbb+ ’ , and E xtraordinary S upport L evel (ESL) of Very High . The O utlook for the ratings is Stable .

The Bank’s LT FCR is set three notches above the BSR to reflect the ESL of Very H igh from the UAE government (sovereign ratings: ‘AA-’/‘A1+’/Stable) which has a good track record of supporting the banking system . It is our current expectation that the UAE…