VOL. XL
No. 28
14-July-1997
BAHRAIN
Moody's Rates ABC
The US ratings agency Moody's Investors Service has issued a first-time rating tooffshore Bahrain-based Arab Banking Corporation (ABC). Moody's gave ABC a rating of Baa3for long-term deposits, Prime-3 for short-term deposits and a Bank Financial StrengthRating (BFSR - which rates the bank on a stand-alone basis) of 'D'. In March 1996, anotherUS ratings agency, Standard & Poor's, issued ABC with an investment grade BBB- with astable...
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