Moody's: Negative view for two Bahrain banks

Moody's Investors Service said it changed to negative from stable the outlook on the A2 long-term foreign-currency deposit ratings of the two largest commercial banks in Bahrain, namely National Bank of Bahrain BSC and BBK BSC. The banks' other ratings are unaffected.

This action follows the recent change in outlook on Bahrain's A2 foreign-currency deposit ceiling to negative from stable, the agency said.

The banks both have foreign currency deposit ratings situated at the A2 ceiling for such ratings in Bahrain, Moody's said, and this ceiling constrains the ratings of both the banks.

© 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.