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29.04.2013 17:28:00
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Gulf Bank K.S.C. -- Moody's changes the outlook on Gulf Bank's Baa2/Prime-2/D- ratings to positive from stable
Limassol, April 29, 2013 -- Moody's Investors Service has today changed to positive from stable the outlook on Gulf Bank K.S.C.'s deposit ratings, which have been affirmed at Baa2/Prime-2. At the same time, Moody's has changed to positive the outlook on Gulf Bank's standalone bank financial strength rating (BFSR), which has been affirmed at D- and maps to a baseline credit assessment (BCA) of ba3. The change in outlook reflects material improvements in Gulf Bank's asset quality and capitalisation metrics.
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