Dubai Islamic Bank (DIB) has dropped Standard & Poor's (S&P) as its ratings agency.
The bank, the biggest Islamic lender in the UAE by total assets, said it had replaced S&P with Fitch Ratings.
"Reflecting the bank's increased focus on the local market, DIB … has disengaged from its previous relationship with Standard & Poor's," it said in a statement. The bank could not be reached for further comment.
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