Resources for Basel II Capital Accord (Basel II)

International credit rating agency Moody's validates GIB's A3

zawya.com

Gulf International Bank's (GIB) long term deposit rating of A3, short term deposit rating of P2 and Baa1 subordinated debt rating has been given confirmation by International credit rating agency Moody's Investors Service. The agency has also revised the Bank's outlook from negative to stable.
Moody's explained in a press release that the confirmation of GIBGIB's financial strength rating "takes into account the Bank's improved capitalisation and significantly de-risked balance sheet, following the transfer of US$ 4.8 billion in securities (mainly asset-backed securities) to shareholders."

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