Middle East Economic Survey

VOL. LII

No 16

20-Apr-2009

Bahrain

S&P Affirms GIB Rating After Sale Of Securities

Standard & Poors Ratings Services (S&P) announced on 14 April that it has affirmed its BBB+ long-term counterparty credit rating on Bahrains Gulf International Bank (GIB) and removed it from CreditWatch negative, where it was initially placed on 10 February. At the same time, the A-2 short-term counterparty credit rating was affirmed and the banks outlook was said to be stable....