VOL. XXXIX

No. 19

5-February-1996

GCC

Moody's Assigns Sovereign Ceilings For Six Gulf States

New-York based Moody's Investors Service has for the first time assigned ratings to the six states of Ratings the Gulf Cooperation Council (GCC) - Saudi Arabia, Kuwait, UAE, Oman, Qatar and Bahrain. Moody's differentiates between the more important long-term debt ratings for foreign currency bonds and notes and foreign currency-denominated bank deposits and the less important short-term...