Moody’s upgrades United Arab Bank’s outlook from ‘stable’ to ‘positive’

Moody’s Investors Service (Moody’s) has reaffirmed United Arab Bank’s long-term deposit ratings and improved the outlook on their ratings from stable to positive, reflecting solid capital, liquidity buffers and deposit-based funding. The upgrade has been driven by Moody’s view that the bank’s stronger financial fundamentals, in particular recent improvements in…