Download PDF
Click the icon to download

Content is restricted

Summary

Ref: AE00322CRA00-01 01 September 2023

Ref: AE0032 2 CRA00-01 1 September 202 3

Al Masraf – 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 Al Masraf at ‘A’ and ‘A1’, respectively . At the same time, CI Ratings has affirmed Al Masraf’s Bank Standalone Rating ( BSR) of ‘bbb’, Core Financial Strength ( CFS) rating of ‘bbb-’ and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR is Stable.

The Bank’s LT FCR is set three notches above the BSR to reflect our assessment of the external extraordinary support available to the Bank from the UAE government (sovereign ratings:…