We are revising our assessment of National Bank of Abu Dhabi (NBAD)'s capital and earning to "very strong" from "strong." We are raising NBAD's stand-alone credit profile to 'a' from 'a-'. We are affirming our 'A+/A-1' long- and short-term ratings on NBAD. The stable outlook reflects our expectation that NBAD will remain a dominant player in the UAE, with no significant change in its ownership or business and financial profiles over the next two years. On June 13, 2012, Standard&Poor's Ratings Services affirmed its 'A+/A-1' long- and short-term counterparty credit ratings on National Bank of Abu Dhabi (NBAD). At the same time, we raised the bank's stand-alone credit profile (SACP) to 'a' from 'a-'. The outlook is stable.
