VOL. XLVI

No 48

1-December-2003

RATINGS

Moodys Ups Outlook On GIBs Foreign Currency Rating To Positive

Moody's Investors Service announced on 24 November that it has improved the outlook on Gulf International Bank's (GIB) Baa2/P-3 foreign currency deposit ratings to positive from stable. The outlook on GIBs C- financial strength rating (FSR) remains unchanged and stable. The positive outlook reflects the gradual success of the bank's strategy of investing in higher grade securities while the...