Mashreqbank – Ratings Affirmed with a Stable Outlook

25 May 2026

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 Mashreqbank (MB or the Bank) at ‘A’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed MB’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.

MB’s LT FCR is set three notches above the BSR to reflect the high likelihood of support from the government in case of need. The UAE government (sovereign ratings: ‘AA-’/‘A1+’/Stable) has demonstrated its support in the past and, in CI’s view, has the means and willingness to continue to provide support in the future.

The BSR is derived from a CFS rating of ‘bbb’ and an Operating Environment Risk Anchor (OPERA) of ‘bbb’. The CFS rating reflects MB’s large…