Middle East Economic Survey

VOL. XLVII

No 48

29-November-2004

RATINGS

Moodys Raises Investcorps Outlook To Positive

Moody's rating agency has changed the outlook on Investcorp's Baa2 long-term deposit and senior debt ratings and on the P-3 short-term rating from stable to positive. The global investment group's financial strength rating of C- and its associated stable outlook were left unchanged. According to Moodys, improvement in the groups private equity business and asset management business...