Moody’s affirms Abu Dhabi Commercial Bank’s ratings with a stable outlook

Moody’s announced the completion of the periodic review of Abu Dhabi Commercial Bank’s ratings, confirming that all ratings will remain unchanged, with a stable outlook for the long-term ratings. Moody’s fixed the long-term rating of deposits in local and foreign currencies at the level of A1, in addition to fixing the basic credit rating at baa3, in addition to keeping the rest of the ratings associated with the bank unchanged. The agency also kept the outlook for the ratings at a “stable” level. Moody’s indicated that the bank’s basic credit assessment is based on strong capital levels supported by good profit retention, in addition to the solid financing and liquidity structure.