Moody's assigns Counterparty Risk Assessment to 16 UAE banks

Moody's Investors Service has assigned Counterparty Risk Assessments (CR Assessments) to 16 banks in the United Arab Emirates (UAE). It has assigned CR Assessments of Aa2(cr)/Prime-1(cr) to National Bank of Abu Dhabi; Aa3(cr)/Prime-1(cr) to Abu Dhabi Commercial Bank and Union National Bank PJSC; A1(cr)/Prime-1(cr) to Abu Dhabi Islamic Bank, First…