Abu Dhabi First's rating upheld at AA minus
Capital Intelligence Ratings has affirmed Abu Dhabi First Bank's long-term rating at "AA-" and its short-term rating at "A1+," with a stable outlook. This is supported by a very high level of government support from the UAE government, which holds sovereign ratings of "AA-" and "A1+." The bank is the largest in the UAE by assets, and its rating reflects its financial strength and a supportive operating environment, with ongoing backing from the government if needed.
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