Fitch Affirms Emirates Development Bank’s Ratings At AA-

Fahad Shabbir (@FahadShabbir) Published June 20, 2019 | 01:00 AM

Fitch affirms Emirates Development Bank’s ratings at AA-

ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 20th Jun, 2019) Fitch Ratings has affirmed the rating of the Emirates Development Bank (EDB) at AA- The bank’s support rating (SR) has been affirmed at '1' and support rating floor (SRF) has been also confirmed at 'AA-', Fitch said.

"The advanced ratings confirms the bank's distinctive performance and reflects the achievements it has made across the UAE," said Faisal Aqeel Al Bastaki, CEO of EDB.

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