S&P Global Ratings

S&P Global Ratings ("S&P") affirmed the 'AA-' credit rating for Emirates Development Bank ("EDB" or "the Bank"), demonstrating the Bank's strong creditworthiness. The rating comes with a 'Stable' outlook, indicating confidence in EDB's ability to maintain its financial stability. The affirmation of EDB's credit rating at AA- is a strong sign of confidence in its credit fundamentals and risk management principles, giving further evidence of the Bank's strong capacity to meet its financial commitments. Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank, said: "This latest S&P rating ...