Moodys Lowers ABCs Ratings To Ba1
Following an announcement that Arab Banking Corporation (ABC), GulfInternational Bank (GIB) and Gulf Investment Corporation (GIC) were being placed on review(MEES, 30 November), Moodys Investors Service ratings agency on 3December lowered the long-term foreign currency deposit ratings of Arab BankingCorporation (ABC) from Baa3 to Ba1 below investment grade. The banksshort-term foreign currency deposit ratings were lowered...
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