VOL. XLIV
No. 17
23-April-2001
BAHRAIN
Moodys Changes BMBs Outlook From Stable To Negative
US ratings agency Moodys Investors Service announced on 9 April that it had changed the outlook on Bahrains BMB Investment Bank (BMB) on its D financial strength rating (FSR) from negative to stable. In a statement, the agency explained that the move was promoted by an "overall weakening of the financial and capital positions of the bank after suffering heavy losses from its equity portfolio in 2000." It...
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