Middle East Economic Survey
S&P Downgrades Credit Rating On Bahrains Gulf International Bank
Standard & Poors Ratings Services (S&P) on 10 February lowered its long term counterparty credit rating on the Gulf International Bank (GIB), based in Bahrain, from A- to BBB+ and placed the ratings on CreditWatch negative. S&P affirmed the A-2 short term rating on the bank. GIB had been downgraded by Moodys Investors Service earlier in February (MEES, 2...