S&P lowers outlook for Mashreq and ADCB | The National:
"Standard & Poor’s has lowered its outlook for two UAE banks owing to weaker oil prices and an expected economic slowdown in the UAE.
It said it had lowered its outlook to stable from positive for Mashreq and Abu Dubai Commercial Bank (ADCB).
The move reflects “weakening local economic conditions in the banking system”, the agency said."
'via Blog this'
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