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...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!