07.03.2012 - Bahrain Islamic Bank ratings cut

Moody's has cut Bahrain Islamic Bank's (BisB) supported issuer ratings to Ba3 / Not Prime from Ba1 / Not Prime following the rating agency's review for downgrade initiated in June last year. In addition, Moody's has set the bank financial strength rating of BisB at E+, but changed its mapping on the long term scale to B3 from B1. All ratings carry a negative outlook, it added...............................................Full Article: Source

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