Fitch Assigns Rating, Outlook to Emirati Lender Invest Bank
Fitch said Tuesday it assigned a long-term issuer default rating of BBB+ to Invest Bank (ADX:INB), with a stable outlook. The key drivers to the rating include risks to the operating environment for United Arab Emirates-based banks amid the Iran conflict, as well as the Emirati lender's small franchise, high risk appetite, and weak but improving profitability.
Fitch said Tuesday it assigned a long-term issuer default rating of BBB+ to Invest Bank (ADX:INB), with a stable outlook.
The key drivers to the rating include risks to the operating environment for United Arab Emirates-based banks amid the Iran conflict, as well as the Emirati lender's small franchise, high risk appetite, and weak but improving profitability.