Fitch Affirms Al Masraf at 'A'

Published 16 May 2023

Media Center
We are pleased to announce that Fitch Ratings has affirmed Al Masraf's Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Outlook.

 The 'A' Long-Term IDR rating is driven by potential support from the UAE authorities. Additionally, Al Masraf's Government Support Rating of 'A' reflects the authorities' strong capacity to support the banking sector, which has been demonstrated by their long record of support for domestic banks.

 The rating is a testament to the Bank’s current strategy that is based on the three pillars of Stabilization, Diversification and Growth as the Bank continues to focus on sustainable growth and enhancing its franchise value underpinned by consistent profitability, sound liquidity and strong capital position.

 At Al Masraf, we remain committed to providing our clients with the highest quality financial services and support. Thank you for your continued trust and confidence in us.

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