VOL. XLIV
No. 22
28-May-2001
RATINGS
Moodys Places GIC Ratings On Review For Possible Downgrade
US ratings agency Moodys Investors Service announced on 24 May that it had placed the long-term foreign currency deposit rating and financial strength rating (FSR) of Gulf Investment Corporation (GIC) on review for a possible downgrade. GIC is currently rated D+ for financial strength and Baa2 for long-term foreign currency deposits. In a statement, Moodys said that with the sale of GICs major...
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