VOL. XLIV

No 30

23-July-2001

BAHRAIN

S&P Revises Outlook On ABCs BBB- Ratings ToPositive

Standard &Poors ratings agency announced on 18 July that it had revised the outlook onthe Bahrain-based Arab Banking Corporation (ABC) to positive from stable. Italso said that it had affirmed its BBB- long-term and A-3 short-termcounterparty credit and certificate of deposit ratings for the bank. In astatement, the agency explained that the ratings reflect the banks strong Arabbusiness franchise,...