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20.04.2015 18:18:00
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BBK B.S.C. -- Moody's downgrades three Bahraini banks' ratings to Baa3/Prime-3, negative outlook
Actions follow downgrade of Bahrain's sovereign rating to Baa3 negativeLimassol, April 20, 2015 -- Moody's Investors Service has today downgraded to Baa3/Prime-3 from Baa2/Prime-2 the deposit, issuer and senior unsecured debt ratings of three Bahraini Banks: BBK B.S.C., National Bank of Bahrain BSC, and Bahrain Development Bank B.S.C. Concurrently, Moody's downgraded the baseline credit assessments (BCAs) of BBK and National Bank of Bahrain to ba1 from baa3.
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