Fitch Ratings affirms Rakbank at "BBB+" (LT Int. Scale (foreign curr.) credit rating); outlook stable

July 14, 2017 - CBonds

 

Fitch Ratings affirmed the "BBB+" LT Int. Scale (foreign curr.) credit rating of Rakbank on July 13, 2017. The outlook is stable.
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Issuer: National Bank of Ras Al-Khaimah
Issuer profile:
RAKBANKis the trading name of the National Bank of Ras Al-Khaimah PSC, a public joint stock company headquartered in the emirate of Ras Al-Khaimah, in the UAE. The Head Office of the bank is situated... more
Outstanding issues:
2 issuesUSD850,000,000
Issuer rating:
Moody's Investors ServiceBaa1/StableLT- foreign currency12/18/2003
Moody's Investors ServiceBaa1/StableLT- local currency04/25/2007
Fitch RatingsBBB+/StableLT Int. Scale (foreign curr.)07/13/2017
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