Moody's has affirmed the local and foreign currency long-term and short-term deposit ratings of Abu Dhabi Commercial Bank (ADCB) at A1/P-1, Union National Bank (UNB) at A1/P-1 and Al Hilal Bank (AHB) long-term and short-term issuer ratings at A2/P-1. The outlook on all banks' long-term ratings is maintained at stable. Despite the integration challenges that Moody's expects ADCB, the surviving entity from the merger of ADCB and UNB to face, the rating agency considers that the merger is credit neutral given the similar and complementary credit profiles of ADCB and UNB. Likewise, Moody's expects the acquisition of AHB by the merged entity to be broadly credit neutral for AHB as the expected, improvement in its credit profile, very high parental support and very high government support all balance the loss of direct shareholding from the Abu Dhabi government (through the Abu Dhabi Investment Council).