VOL. XLVI

No 36

08-September-2003

BAHRAIN

RATINGS

Moodys Withdraws Ratings Of Bahrains BMB, BIB

Moody's Investors Service announced on 1 September that it has withdrawn the foreign currency deposit ratings of B3/NP and the Financial Strength Ratings of E assigned to both BMB Investment Bank (BMB) and to Bahrain International Bank (BIB). Last year medium-term lenders refused to renew on time their syndications to BMB and BIB, exacerbating an already tight liquidity situation, effectively causing...