Fitch rates Gulf International Bank

Fitch Ratings said it assigned Gulf International Bank's $4 billion euro medium-term note program a long-term senior debt rating of A and a subordinated debt rating of A-.

The bank has a long-term issuer default rating of A and short-term issuer default rating of F1. Fitch said it assigned the bank's inaugural issue from this program of SAR2 billion unsecured unsubordinated floating-rate notes a long-term rating of A.

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