VOL. XLIV

No. 06

5-February-2001

BAHRAIN

And Changes BBKs Outlook On FSRTo Positive From Stable

The agency also announced on thesame day that it had upgraded the outlook of the D financial strength rating(FSR) of the Bank of Bahrain and Kuwait (BBK) from positive to stable. Theoutlook on the Ba2 long-term foreign currency deposit rating, however, remainsunchanged and stable. According to a statement from Moodys, the main reasonbehind the move was the banks improved financial condition, due partly...