Sunday 27, August 2017 by Nabilah Annuar

Moody's upgrades DIB's long-term issuer ratings to A3 from Baa1; outlook stable

Moody's Investors Service has upgraded Dubai Islamic Bank’s (DIB) local and foreign currency long-term issuer ratings to A3 from Baa1 and also upgraded its baseline credit assessment (BCA) and adjusted BCA to ba2 from ba3. At the same time, the long and short-term Counterparty Risk Assessment has been upgraded to A2 (cr) from A3 (cr) and P-1(cr) from P-2(cr) respectively.