Fitch Ratings

Fitch Ratings, one of the top three global credit rating agencies, has affirmed its 'AA-' Long-Term Issuer Rating (IDR) for Emirates Development Bank ('EDB' or 'the Bank') with a stable outlook. The agency maintained EDB at ‘AA-’, its fourth highest investment grade rating, which reflects the bank low credit risk. The ‘AA-’ rating is a high credit rating, indicating Fitch’s analysis of EDB’s highly strong capacity to meet its financial obligations. “We are very pleased to receive the ‘AA-’ rating from Fitch”, said Ahmed Mohamed Al Naqbi, Chief Executive Officer ...