VOL. XL

No. 22

2-June-1997

GENERAL

Ratings Clarification

Gulf International Bank (GIB) has asked MEES to point out that they are ratedTBW-1 by Thomson Bankwatch, not TBW-2 as was reported in the ratings table in MEES, 19May. In addition, Standard and Poor's (S&P) issued its first rating on Arab BankingCorporation (ABC) in 1989 and also rates ARIG (Arabian Insurance Group) at a claims-paying-ability ofA- (MEES, 24 February). The S&P rating on ABC, issued in March 1996, is currently an...