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Islamic Finance Briefing - Categorized | Banking, Performance more

National Bank of Bahrain maintains confidence in a relatively small banking system

Posted on 02 February 2010

From Globalarabnetwork.com: Fitch Ratings has today affirmed National Bank of Bahrain’s (NBB) Long-term foreign currency Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. Fitch has simultaneously affirmed NBB’s Short-term foreign currency IDR at ‘F1′, Individual Rating at ‘B/C’, Support Rating at ‘1′ and Support Rating Floor at ‘A’.

NBB’s IDRs and Support Rating reflect Fitch’s view that there would be an extremely high probability of support from the Bahraini authorities if needed…………………………………..Full Article: Source

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