CBD Credit Ratings
|
Long Term |
Short Term |
Support |
Outlook |
Comments |
|
May 2020
|
A- |
F2 |
1 |
Stable |
- Adequate capitalisation and consistent profitability levels
- Stable funding base and reasonable stock of liquid assets
- Extremely high probability of support from the UAE authorities if needed
|
|
Long Term Deposit |
Long Term CRR | Long Term Debt |
Outlook |
Comments |
|
June 2020
|
Baa1 |
A3 |
(p) Baa1 |
Negative |
- Solid capitalisation provides buffer to absorb losses
- Stable corporate deposit base drives sound funding and liquidity
- Established commercial banking franchise in Dubai supports sound profitability
- Very high probability of support from the UAE authorities in case of need
|
For all Financials and Investor Relations queries, please contact us on: investor.relations@cbd.ae
