Moody’s re-affirms ABAL ratings Print E-mail

In the face of market downturns and ratings downgrades across the global banking industry, International Ratings Agency, Moody's Investor Services has affirmed Arab Bank Australia’s ratings. Highlights for the bank are its profitability, liquidity and generally very good financial fundamentals. Underpinning these financial fundamentals are a conservative investment, liquidity and risk profile. The conservative risk profile and corporate governance controls of the Bank ensured that the Bank has been relatively shielded from the global financial crisis with no direct exposure to US subprime mortgages or debt instruments. Government guarantees of its retail deposits, strong capital base and proven history ensure that the Bank is well positioned for not only weathering the challenging future financial environment but continuing its growth and prosperity in the years to come.

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