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Moodys downgrades Burgan Banks deposit ratings to A3/P-2 affirms BFSR at D stable outlook |
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Saturday, 10 December 2011 02:42 |
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Kuwait: Moody's Investors Service has downgraded to A3/Prime-2 from A2/Prime-1 the global local currency (GLC) deposit and foreign currency deposit ratings of Burgan Bank (Kuwait). At the same time, the bank's standalone bank financial strength rating (BFSR) was affirmed at D+; however, the BFSR now maps to a lower level of Ba1 on the long-term scale (previously Baa3). Burgan Bank's BFSR and deposit ratings all carry a stable outlook. [AMEInfo.com]
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