Boost for Bahraini banks as Fitch affirms ratings
MANAMA, November 24, 2015
Fitch Ratings has affirmed National Bank of Bahrain’s (NBB), Bank of Bahrain and Kuwait’s (BBK) and Arab Banking Corporation’s (ABC) long-term issuer default ratings (IDRs) at ‘BBB-’. Fitch has also affirmed Ahli United Bank (AUB) IDR at ‘BBB+’ and Gulf International Bank’s (GIB) at ‘A’, said a report in the Gulf Daily News (GDN), our sister publication.
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