VOL. XLI/VOL. XLII
Moodys Affirms GIB And GIC Baa2/Prime-3, D+ Ratings
Following an earlier downgrading of the banks financial strengthrating on both Gulf International Bank (GIB) and Gulf Investment Corporation (GIC MEES,7 December) from C to D+, US ratings agency Moodys Investors Service announcedon 13 December that it had confirmed both GIBs and its parent bank GICsratings. The confirmation followed news that GIB plans to merge with Saudi...