VOL. XLIV

No. 18

30-April-2001

RATINGS

Moodys Modifies Some Bahraini Bank Ratings

US ratings agency Moodys Investors Service announced on 12 April that it had adjusted the financial strength ratings (FSRs) of some Bahraini banks in line with the new expanded FSR scale (from 9 to 13) which introduced minus-sign modifiers and revised definitions. The banks affected are listed below (deposit ratings are listed for reference only):

Arab Banking Corporation: FSR adjusted to D+ from D; (Ba1/NP positive...