Middle East Economic Survey
Moodys Upgrades Gulf Banks C- FSR Outlook To Positive
Moodys announced on 21 December 2004 that it had upgraded the outlook for Gulf Bank's C- financial strength rating (FSR) to positive from stable. The bank's A2/Prime-2 foreign currency deposit ratings (which are constrained by the sovereign ceiling for such deposits in Kuwait) remain unchanged with a stable outlook. The rating reflects ongoing improvements in Gulf Banks...