VOL. XLII

No. 06

8-February-1999

BAHRAIN

S&P Downgrades ABCs Outlook To Negative

Standard & Poors (S&P) revised its outlook for theArab Banking Corporation (ABC) from stable to negative on 29 January, but atthe same time affirmed its BBB- long-term and its A-3 short-term counter-partycredit ratings of the corporation. In a statement S&P said, "The outlookreflects the likelihood of deterioration in ABCs asset quality owing toproblems in emerging markets, where ABCs total exposure...