trending Market Intelligence /marketintelligence/en/news-insights/trending/4MUBzagqmH1UVTWxWbxGgg2 content esgSubNav
In This List

Moody's withdraws ratings of Al Hilal Bank

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Moody's withdraws ratings of Al Hilal Bank

Moody's on Sept. 19 withdrew all of Al Hilal Bank PJSC's ratings for its own business reasons.

The agency withdrew the Abu Dhabi-based lender's A2/P-1 long- and short-term issuer ratings, "ba3" baseline credit assessment, "ba1" adjusted baseline credit assessment, A1/P-1 long- and short-term counterparty risk ratings and A1(cr)/P-1(cr) long- and short-term counterparty risk assessments.

The outlook on the long-term issuer rating was stable prior to its withdrawal.

In May, Al Hilal Bank was acquired by the combined entity comprising Abu Dhabi Commercial Bank PJSC and Union National Bank - PJSC, a transaction that completed the three-way tie-up between the United Arab Emirates-based lenders.