Fitch rated Abu Dhabi Islamic Bank's long-term creditworthiness ratings at A + and BB's financial ability rating and gave this rating a stable outlook.
According to the statement, the agency said that the classification reflects a very high probability of the support available to the bank from the competent authorities and Abu Dhabi if necessary.
Fitch added that her view depends on the support factors in the strong state’s ability to support the banking system, supported by sovereign wealth funds and the recurring revenues generated mostly from hydrocarbon production.
