Middle East Economic Survey
VOL. LII
No 16
20-Apr-2009
Bahrain
S&P Lowers Long-Term Rating On Arcapita Bank
Standard & Poors Ratings Services (S&P) lowered its long-term counterparty credit rating on Bahrains Arcapita Bank to BB from BB+ on 6 April. It also maintained the rating on CreditWatch with negative implications, while it affirmed its B short-term rating on the bank. The rating action was due to the challenges that a very weak investment climate raised for Arcapitas business...
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