Moody’s affirms ADIB currency issuer ratings

Moody’s Investors Service, the credit ratings agency, on Thursday affirmed Abu Dhabi Islamic Bank’s A2/Prime-1 long- and short-term domestic and foreign currency issuer ratings. Moody’s also upgraded the bank’s stand-alone baseline credit assessment to ba1 from ba2.  The upgrade reflects Moody’s view that the bank has developed a stronger funding…