Fitch Affirms Abu Dhabi Islamic Bank at ‘A+’, outlook stable; upgrades VR to ‘bb+’

Fitch Ratings has affirmed UAE-based Abu Dhabi Islamic Bank PJSC’s (ADIB) Long-Term Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook. At the same time, Fitch has also upgraded the bank’s Viability Rating (VR) to ‘bb+’ from ‘bb’.