VOL. XLII
No 47
22-November-1999
UAE
Moody痴 Upgrades Deposit Ratings Of MashreqBank
Moody痴 Investors Service announced on 15 November that ithas raised to Baa3/P-3 the long and short-term deposit ratings assigned to theUAE痴 MashreqBank. Moody痴 also confirmed the financial strength ratings (FSR)at D. The outlook for both the deposit ratings and FSR is stable, according to Moody痴.
The agency said the decision to upgrade MashreqBank痴deposit ratings is based on the view that these ratings should...
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