VOL. XLII

No. 22

31-May-1999

BAHRAIN

Moody痴 Assigns Baa2 Rating To Investcorp

US ratings agency Moody痴 Investors Service announced on 24May that it had assigned a rating of Baa2 to Investcorp痴 forthcoming euromedium-term note (MTN) program established by Investcorp Capital Ltd andguaranteed by Investcorp Bank E.C. and Investcorp S.A. Investcorp Capital wasestablished for the purpose of issuing debt for the Bahrain-based group, butall issued share capital of Investcorp Capital is held by...