CareEdge Global Ratings has assigned a ‘CareEdge BBB+/Stable’ long-term foreign currency issuer rating to RBL Bank Limited, along with the same rating for its USD 1 billion Euro Medium-Term Notes programme.

The stable outlook is supported by expected extraordinary backing from majority shareholder Emirates NBD Bank P.J.S.C., following a substantial capital infusion that significantly strengthened RBL's capitalisation and loss-absorption capacity.