VOL. XLIV
No. 25
18-June-2001
RATINGS
Moodys Puts BMBs Ratings On Watch For Possible Downgrade
US ratings agency Moodys announced on 11 June that it had placed Bahrains offshore BMB Investment Banks (BMB) Baa2 long-term foreign currency deposit rating and D financial strength rating on watch for possible downgrade. In a statement, the agency said that the move reflected concerns "about BMBs negative trend in profitability resulting from its exposure to the equity market." Moodys said that such a...
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