PARIS (Standard&Poor's) Nov. 23, 2005--Standard&Poor's Ratings Services said today that it had assigned its 'A/A-1' long- and short-term senior unsecured debt ratings to the $5.0 billion Euro medium-term note (EMTN) program to be launched by National Bank of Abu Dhabi (NBAD; A/Stable/A-1) in the next few weeks. "The ratings on the program are the same as those on the bank, reflecting the latter's robust profitability, solid asset quality, strong commercial position, and supportive ownership structure dominated by the Abu Dhabi Investment Authority," said Standard&Poor's credit analyst Emmanuel Volland. NBAD is the largest bank in the United Arab Emirates (UAE; not rated), with total assets at June 30, 2005, of UAE dirham (AED) 65.1 billion
