Moody's Upgrade Investcorp
On June 10, Moody's Investor Services upgraded both Investcorp Bank EC and itssubsidiary Investcorp SA's long-term deposits by two notches from Ba1 (BB+) to Baa2 (BBB).Both institutions' short-term deposits were similarly upgraded from Not Prime to PrimeThree. Financial strength ratings of both remain unaltered at D+.
Moody's said that the upgrading reflects four main components. Investcorp has"greatly strengthened" its provisions...