Invest Bank’s Ratings Affirmed with a Stable Outlook

Ref: AE01219 CRA 00-1 23 September 20 20

Invest Bank’s 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 Invest Bank (IB) at ‘BBB-’ and ‘A3’, respectively. At the same time, CI Ratings has affirmed IB’s Bank Standalone Rating (BSR) of ‘bb-’, Core Financial Strength ( CFS) rating of ‘b’ and Extraordinary Support Level ( ESL ) of High. The Outlook for the ratings remains Stable.

IB’s LT FCR is set three notches above the BSR to reflect the high likelihood of support from the UAE go vernment (s overeign rating s : ‘AA-’/‘A1+’/Stable) . The UAE government has demonstrated support in the past and has the means and willingness to continue to provide such support in the future . The Bank is also likely to receive…