dunia Press Room

20 July 2017

Fitch Ratings has revised Dunia Finance LLC's (dunia) Outlook to Negative from Stable while affirming the company's Issuer Default Ratings (IDR) at Long-Term 'BB' and Short-Term 'B'.

The Outlook revision reflects weakening asset quality, which negatively affected Dunia's profitability in 2016. Fitch expects dunia's asset quality metrics to remain under pressure throughout 2017.

dunia is a UAE-based finance company, offering smaller-ticket, predominantly unsecured loans, with a particular franchise among salaried expatriates from emerging markets.