VOL.XXXIXNo.65/66

23/30-December-1996BAHRAIN

CapitalIntelligence Upgrades Rating for Bahraini BankCapital Intelligence has also upgraded the long- and short-term ratings ofBahraini TAIB Bank EC to BBB-/A-2 from BB+/A-3.Capital Intelligence said that despite the institution's small size byinternational standards, the bank is very strongly capitalizedfor the risks it undertakes and that it "is very wellpositioned to take advantage of growing interest in theregion." TAIB Bank expects to launch...