S&P lifts six Middle East banks

S&P said it raised the short-term counterparty credit ratings on six Middle East banks.

The ratings were considered "under criteria observation" since April 7, the agency said.

With the criteria review complete, S&P said it raised the short-term counterparty credit ratings to B from C.

The banks' long-term counterparty credit ratings were affirmed.

The banks with upgraded short-term ratings include Banque de Tunisie et des Emirats, Bank Audi SAL, Bankmed SAL, National Bank of Egypt, Banque Misr and Commercial International Bank (Egypt) SAE.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.