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Bahrain Islamic Bank cut to junk at Moody’s on loss, unrest

Posted on 06 June 2011

Bahrain Islamic Bank had its credit ratings cut to junk at Moody’s Investors Service because of losses and after political unrest in the Arabian Gulf nation.
The Sharia-compliant lender’s long- and short-term ratings were lowered two levels to Ba1/Non-Prime, the highest non- investment grade, from Baa2/Prime-3, the rating agency said in an e-mailed statement today. The ratings will remain on review for further possible cut……………………………………….Full Article: Source

 
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