06.06.2011 - Bahrain Islamic Bank cut to junk at Moody's on loss, unrest
Bahrain Islamic Bank had its credit ratings cut to junk at Moodyís Investors Service because of losses and after political unrest in the Arabian Gulf nation. The Sharia-compliant lenderís 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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