VOL. XLV
No 27
8-July-2002
BAHRAIN
Capital Intelligence Downgrades Bahrain International Bank
Rating agency Capital Intelligence(CI) announced on 3 July that it had downgraded the long- and short-termforeign currency ratings of Bahrain International Bank (BIB) to BB and B respectively. CI notes that BIB, whosemajor activity is direct corporate investment and real estate developmentopportunities in the US and Europe, recorded a large loss of $47mn in 2001 dueto the effects of the downturn in...
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