03.06.2014 10:47:00
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Gulf Bank K.S.C. -- Moody's upgrades Gulf Bank's deposit rating to Baa1; positive outlook
Limassol, June 03, 2014 -- Moody's Investors Service has today upgraded Gulf Bank K.S.C.'s long-term deposit ratings to Baa1 from Baa2 and the standalone bank financial strength rating (BFSR) to D, equivalent to a baseline credit assessment (BCA) of ba2, from D-/ba3. The bank's short-term ratings were affirmed at Prime-2. The outlook on all long-term ratings and the BFSR remains positive.