Arab Banking Corporation B.S.C. -- Moody's changes to positive from stable the outlook on Arab Banking Corporation's Ba1 rating

Limassol, January 21, 2014 -- Moody's Investors Service has today changed to positive, from stable, the outlook on Arab Banking Corporation B.S.C.'s Ba1/Not-Prime deposit ratings and D standalone bank financial strength rating (BFSR), equivalent to a baseline credit assessment (BCA) of ba2. Concurrently, these ratings were affirmed. This rating action reflects the gradual and steady improvement in the bank's funding profile and resilience of its solvency metrics, specifically asset quality and capitalisation, despite recent challenging operating conditions in certain of its operating markets.

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