Middle East Economic Survey
CI Upgrades Investcorp Rating To A-
Investcorp announced on 3 January that Capital Intelligence (CI) had upgraded its foreign currency long-term rating to A- with a stable outlook. Moodys had recently confirmed Investcorps Baa2 investment grade rating and raised the outlook to positive from stable on its short- and long-term debt (MEES, 29 November 2004). Fitch Ratings has also reaffirmed Investcorps rating at BBB with a stable...