VOL. XLIV

No 44

29-October-2001

RATINGS

Capital Intelligence Downgrades Investcorp To BBB+From A-

Ratingsagency Capital Intelligence (CI) announced on 17 October that it haddowngraded the long-term foreign currency rating ofBahrain-based Investcorp Bank to BBB+ fromA-, although the short-term rating remains at A2. In a statement, the agencynoted that Investcorps earnings performance to end June was significantly belowthat of 2000 and that the global economic downturn has created significant...