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Bahrain-based Gulf Finance House lowered to ‘BB+/B’ on weakened stand-alone credit profile

Posted on 30 November 2009

From Albawaba.com: The operating environment for Gulf-based investment banks continues to be unsupportive, weighing substantially on earnings and prompting revisions of business models.
We are lowering our counterparty credit ratings on GFH to ‘BB+/B’ from ‘BBB-/A-3′…………………………..Full Article: Source

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