VOL. XLVII

No 03

19-January-2004

RATINGS

Moodys Upgrades National Bank Of Bahrain

Moodys Investor Service announced that it has upgraded the long-term foreign currency deposit rating of National Bank of Bahrain (NBB) to Baa1 from Baa3 and the short-term rating to P-2 from P-3. NBBs rating was raised following Moodys upgrade of Bahrains country ratings (MEES, 5 January), which included raising the foreign currency ceiling for on-shore bank deposits. NBBs Managing Director, Hassan Ali Juma, said:...