VOL. XLV
No 23
10-June-2002
BAHRAIN
CapitalIntelligence Downgrades BMB Investment Bank
Internationalrating agency Capital Intelligence says it has downgraded the long-term foreigncurrency rating of BahrainsBMB Investment Bank to B+ from BB. The bankwas previously downgraded to BB in May 2001. The short-term rating remains atB. BMB was established in 1982 as a Bahrain-incorporated offshorebanking unit and focuses on investment banking activities and developingstructured products for distribution...
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