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Fitch revises GFH Financial's outlook

Fitch Ratings on Oct. 4 revised 's outlook topositive from stable.

At the same time, the agency affirmed the group's long- andshort-term issuer default ratings at B- and B, respectively.

The outlook reflects the measures GFH Financial Group'smanagement has taken to strengthen the bank's balance sheet by paying downdebt, reshaping the business model with a focus on income-generatinginvestments and consequent improvement in the group's profitability. Fitch alsoviews Abu Dhabi Financial Group's acquisition of around 12% in GFH FinancialGroup through Integrated Capital PJSC as a positive development.