Fitch affirms Dubai Islamic Bank; upgrades Noor's IDR on acquisition completion
Fitch Ratings - Moscow - 29 January 2020: Fitch Ratings has affirmed UAE-based Dubai Islamic Bank's (DIB) Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Outlook. At the same time Fitch has upgraded Noor Bank's Long-Term IDR to 'A' from 'A-' and Short-Term IDR to 'F1' from 'F2'. The agency has also affirmed and withdrawn Noor's VR. The list of rating actions is at the end of this commentary.
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