Al Hilal Bank becomes only Islamic bank in the UAE to be rated A1 by Moody's & A+ by Fitch - Business Intelligence Middle East - bi-me.com - News, analysis, reports:
"Al Hilal Bank has announced that it has been awarded an A1 rating by Moody’s and an A+ by Fitch, the highest ratings awarded to an Islamic Bank in the UAE.
Moody’s extended Al Hilal Bank an A1 rating with a stable outlook, citing the Bank’s robust franchise growth, strength of its asset quality, advanced technology infrastructure and government support as the rationale for the positive rating outcome.
Fitch Ratings extended the Bank an A+ rating with a stable outlook. Fitch noted improving profitability, healthy asset quality, robust reserve coverage, satisfactory capitalization as well as government support as key rating factors."
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