RBL Bank said Moody’s Ratings has assigned it a first-time Baa2/P-2 rating with a stable outlook. The view reflects a two-notch uplift for affiliate support from Emirates NBD, RBL’s largest shareholder. Moody’s notes RBL’s franchise strength, expected growth over the next two to three years, and strong capitalisation after Emirates NBD’s $2.75 billion primary infusion for a 60% stake.
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