VOL. XLIV
No 31
30-July-2001
BAHRAIN
Fitch IBCA Downgrades Bahrain International Bank
The international ratings agency Fitch IBCA announcedon 18 July that it had downgraded by one notch the Long-Term rating to BBB-from BBB and the Individual rating to C from B/C of Bahrain International Bank(BIB) a Bahrain based offshore investment bank. The Support rating of BIB wasalso adjusted to 5 from 4, while the Short-Term rating of F3 was affirmed.
In astatement, the agency notes that BIBs profitability...
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