Moody's assigns issuer ratings to FAB USA

12/07/2018 Argaam

 

Moody's Investors Service on Thursday assigned local and foreign currency issuer ratings of Aa3/P-1 to First Abu Dhabi Bank USA N.V.  and its Washington branch.

 

FAB USA, which is incorporated in Netherlands, is a wholly owned subsidiary of UAE-based First Abu Dhabi Bank (FAB).

 

The long-term ratings assigned to FAB USA and its Washington branch have  a stable outlook, mirroring the stable outlook on the deposit rating of the FAB, the ratings agency added.

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