September 5th, 2025 - 05:36 GMT
United Arab Bank (UAB) announced that the global credit rating agency Moody’s has upgraded the Bank’s long-term and short-term foreign and local currency deposit ratings to Baa2/P-2 from Baa3/P-3, and assigned a stable outlook. The agency also upgraded the Bank’s Baseline Credit Assessment (BCA) to ba2 from ba3, and its Adjusted BCA to ba1 from ba2. Moody’s confirmed that the upgrade reflects the Bank’s continued progress in implementing its new strategy, which has resulted in stronger credit metrics across asset quality, profitability, and solvency. The agency noted that UAB’s non-performing ...