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...