VOL. XLV

No 39

30-September-2002

BAHRAIN

Capital Intelligence Downgrades Bahrain International Bank

Capital Intelligence, the internationalemerging market rating agency, on 25 September downgraded both the long- andshort-term foreign currency ratings of Bahrain International Bank (BIB) to C and the outlook remains negative. This followsfast on the heels of a downgrade on 23 September to BB- and B, with theprevious downgrade before that seen in June when the ratings were put at BB andB.

The latest...