VOL. XXXI
NO. 35
6-JUNE-1988
Financial and Banking News
REGIONAL BANKING
ABC Downrated because of Capital Inadequacy
The Cyprus-based bank monitoring service Capital Intelligence (CI) hasdownrated Arab Banking Corporation (ABC) from "A" to "A-(+)"as a result of what it regards as the "significant, though easily remedied,weakness" of inadequate capital. According to CI, 44% of ABC's capital isabsorbed by fixed assets, based on CI's own estimate that ABC's undisclosedinvestments in affiliates is...
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