Middle East Economic Survey
Moodys Assigns Baa1 Rating to GIC Senior Unsecured Notes
Moodys announced on 2 December that it had assigned a Baa1 rating to the $500mn senior unsecured floating rate notes issued by Gulf Investment Corporation (GIC) and due in November 2009. The notes are part of a $1bn Euro Medium Term Note Program (MEES, 15 November) and were evaluated at Baa1 for senior unsecured notes by the rating agency. The Baa1 senior, unsubordinated...