Dubai: International credit rating agency Standard and Poors (S&P) has reaffirmed mashreq's A/A-1' rating citing its financial stability and credit worthiness.
The S&P report on UAE banks stated: "The rating affirmation and stable outlook on mashreq reflects the bank's relatively limited exposure to the real estate sector and stock market, its strong risk management framework and good financial profile."
Abdul Aziz Al Ghurair, CEO of mashreq, said: "mashreq is now one of the highest rated banks in the UAE and we are dedicated to maintaining our strong market position."
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