VOL. XLV
No 45
11-November-2002
BAHRAIN
Capital Intelligence Downgrades Bahrains BMB Investment Bank
Ratings agency Capital Intelligence (CI) said on 6 November that it had downgraded the long and short-term foreign currency ratings of BMB Investment Bank, the Bahrain incorporated offshore investment bank, to C+ and C respectively with a negative outlook. The agency previously downgraded the bank to B+ and B in May due to tightened liquidity, higher leverage and continued losses. BMBs funding and...
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