Middle East Economic Survey

VOL. LII

No 15

13-Apr-2009

Bahrain

GIB Ratings Confirmed By Moodys On Improved Capitalization, Balance Sheet

Moodys Investors Service confirmed on 6 April the A3/P2 deposit ratings, Baa1 subordinated debt ratings and D+ bank financial strength rating (BFSR) of Bahrains Gulf International Bank (GIB), with a stable outlook on all GIB ratings. The confirmation of the BFSR was said to take into account the banks improved capitalization and significantly de-risked balance...