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S&P affirms ratings on top UAE banks, revises outlook to stable
S&P Global Ratings on Tuesday affirmed its ratings on First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Sharjah Islamic Bank (SIB), and Mashreqbank (Mashreq). The outlook for all the banks were revised to stable from negative, the ratings agency said in a note. S&P lowered the long-term issuer…
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