VOL. XLVII

No 07

16-February-2004

RATINGS

Moodys Assigns A3 And Baa1 Ratings To Mashreqbanks Euro Medium-Term Note Program

Ratings agency Moodys on 6 February assigned an A3 rating to Mashreqbanks $750mn Euro Medium-Term Note Program. The unsubordinated notes issued under the program will carry the A3 rating, while the subordinated notes will be rated at Baa1, said the agency. The A3 unsubordinated debt rating is at the same level as the A3 foreign currency deposit rating already assigned to...