National Bank of Fujairah’s Ratings Affirmed with a Stable Outlook
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Ref: AE016 20 CRA 00- 0 1 31 August 202 1
National Bank of Fujairah’s Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) announced today that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of the National Bank of Fujairah (NBF) at ‘A-’ and ‘A2’, respectively. At the same time, CI Ratings has affirmed NBF’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 LT FCR is set two notches above the BSR to reflect the Bank’s ESL of High . CI expects the Bank to receive …