Abu Dhabi Commercial Bank Credit Rating

Hi I would like to have the information about the credit rating which has been achieved by Abu Dhabi Commercial Bank?

Abu Dhabi Commercial Bank (ADCB's) business position has fortified in late a long time, and it has reassessed its remain solitary credit profile (SACP) to "bbb+" from 'bbb'.

Since the hole between the bank's SACP and our "AA" rating on Abu Dhabi has limited, it has diminished the elevate in the long haul rating on ADCB to two scores from three.

It is accordingly avowing to the "A" long haul and 'A-1' here and now appraisals on ADCB.

The steady viewpoint reflects essentially our desire that ADCB's business and money related profiles will remain comprehensively stable throughout the following two years.

Rating Action

On July 18, 2016, S&P Global Ratings insisted its "A" long haul and 'A-1' here and now counterparty FICO scores on Abu Dhabi Commercial Bank (ADCB). The standpoint remains stable.

Method of Reasoning

The attestation takes after the update of the appraisal of ADCB's business position
to solid from sufficient. Over late years, the bank has exhibited a reputation of enhancing returns, combined with more adjusted income era over distinctive business portions. In our view, the administration group's execution abilities are very much reflected in the bank's key monetary and business measurements, which have enhanced significantly.

The evaluations likewise mirror ADCB's solid capital and profit, in view of the bank's solid center profit era and anticipated hazard balanced capital (RAC) proportion before focus alterations staying at around 13.5%-14% over our two-year viewpoint skyline. Also, it considers ADCB's hazard position satisfactory, in accordance with its great resource quality measurements (low nonperforming advances and solid credit misfortune scope). Despite the fact that we expect some decay in resource quality pointers over the following two years, it thinks the effect on the bank's money related profile will be sensible. It evaluates the bank's financing as normal and its liquidity as sufficient.

Consolidated, these components prompt the appraisal of the bank's remain solitary credit profile (SACP) at 'bbb+', contrasted and "bbb" beforehand.

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Answered By StudyChaCha Member