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....
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