Research Update: National Bank of Abu Dhabi L-T Rating Raised To 'A+' On Strong Financials; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: National Bank of Abu Dhabi L-T Rating Raised To 'A+' On Strong Financials; Outlook Stable

Research Update: National Bank of Abu Dhabi L-T Rating Raised To 'A+' On Strong Financials; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: National Bank of Abu Dhabi L-T Rating Raised To 'A+' On Strong Financials; Outlook Stable
Published May 14, 2007
945 words — Published May 14, 2007
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On May 14, 2007, Standard&Poor's Ratings Services raised its long-term counterparty credit rating on National Bank of Abu Dhabi (NBAD) to 'A+' from 'A'. At the same time, the 'A-1' short-term rating was affirmed. The outlook is stable. The upgrade reflects the bank's strong financial performance amid sustained economic momentum in the United Arab Emirates (UAE; not rated), and increasing business diversification. The government of Abu Dhabi has a 73% stake in NBAD through the Abu Dhabi Investment Council (ADIC). Standard&Poor's considers that the bank's ownership structure, importance to Abu Dhabi's economy, and flagship bank status mean that government support in case of need would be very strong. The long-term rating on NBAD (considered as a

  
Brief Excerpt:

RESEARCH Research Update: National Bank of Abu Dhabi L-T Rating Raised To 'A+' On Strong Financials; Outlook Stable Publication date: 14-May-2007 Rationale On May 14, 2007, Standard & Poor's Ratings Services raised its long-term counterparty...

  
Report Type:

Research Update

Ticker
ADN@UH
Issuer
First Abu Dhabi Bank PJSC
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
United Arab Emirates
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: National Bank of Abu Dhabi L-T Rating Raised To 'A+' On Strong Financials; Outlook Stable" May 14, 2007. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-National-Bank-of-Abu-Dhabi-L-T-Rating-Raised-To-A-On-Strong-Financials-Outlook-Stable-578152>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: National Bank of Abu Dhabi L-T Rating Raised To 'A+' On Strong Financials; Outlook Stable May 14, 2007. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-National-Bank-of-Abu-Dhabi-L-T-Rating-Raised-To-A-On-Strong-Financials-Outlook-Stable-578152>
  
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