24.02.2011 - Al Baraka Banking Group placed ‘on watch’ by S&P

From Cpifinancial.net: Standard & Poor's Ratings Services (S&P) has placed its 'BBB-' long-term and 'A-3' short-term counterparty credit ratings on Al Baraka Banking Group on CreditWatch with negative implications. The CreditWatch placement follows rating actions taken on Tunisia, Egypt, Jordan, and Bahrain, in which the group operates, most recently on Bahrain where the bank is incorporated...............................................Full Article: Source

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