Moody's Rates Investcorp And GIB
Moody's Investors Service has assigned ratings toInvestcorp Bank EC and its Luxembourg-based subsidiary Investcorp SA. Both banks weregiven sub-investment grade ratings for long and short-term foreign currency debt anddeposits (Bal/Not Prime) and a BFSR rating of "D". In a statement, Moody's saidthat "while recognizing that in practice Investcorp has been able to declareconsistent and high profits since its foundation in 1982,...
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