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Emirates Development Bank rated AA-

Fitch Ratings has affirmed the rating of the Emirates Development Bank (EDB) at AA- The bank’s support rating (SR) has been affirmed at ‘1’ and support rating floor (SRF) has been also confirmed at ‘AA-‘, Fitch said.

“The advanced ratings confirms the bank’s distinctive performance and reflects the achievements it has made across the UAE,” said Faisal Aqeel Al Bastaki, CEO of EDB.

Source: WAM

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