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...