Moody's: Abu Dhabi Bank view stable

Moody's Investors Service said it changed the outlook on Abu Dhabi Commercial Bank's ratings to stable from negative.

At the same time, Moody's affirmed the D+ bank financial strength rating, mapping to Ba1 on the long-term scale, and the A1/Prime-1 long-term and short-term debt and deposit ratings.

Moody's said the outlook change reflects: (a) the continued improvement in the bank's financial fundamentals since 2009; (b) the improved and more institutionalized risk management framework; and (c) the improved funding profile with a strong emphasis on liquidity.

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