Rakbank - Ratings Affirmed with a Stable Outlook

Overview

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 National Bank of Ras Al Khaimah (Rakbank) at 'A' and 'A1', respectively. At the same time, CI Ratings has affirmed Rakbank's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating at 'bbb+'. The Outlook for the LT FCR and BSR is Stable. The Extraordinary Support Level (ESL) of High is affirmed.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (UAE, National Bank of Ras Al-Khaimah (RAKBANK))
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