Fitch downgrades Dubai Bank's Individual Rating to 'F'

Fitch Ratings has downgraded UAE-based Dubai Bank's Individual Rating to 'F' . After the intervention by the Government of Dubai, taking full control of the bank, and providing a significant capital injection, the bank has also been removed from Rating Watch Negative (RWN).
Fitch downgraded Dubai Bank's Individual Rating in March 2011 because of its weakening financial position.