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Moody's: Gulf Bank view positive
Moody's Investors Service said it changed the outlook on Gulf Bank KSC's deposit ratings, which have been affirmed at Baa2/Prime-2, to positive from stable.
At the same time, the agency changed the outlook on Gulf Bank's standalone bank financial strength rating, which has been affirmed at D- and maps to a baseline credit assessment of Ba3, to positive.
Moody's said the change in outlook reflects material improvements in Gulf Bank's asset quality and capitalization metrics.
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