Wednesday 15, April 2009 by

Gulf International Bank affirmed at BBB+/A-2 after sale of securities

Standard & Poor's said it has affirmed its 'BBB+' long-term counterparty credit rating on Bahrain-based Gulf International Bank (GIB) and removed it from CreditWatch negative where it was initially placed on 10 February 2009. At the same time, the 'A-2' short-term counterparty credit rating was affirmed. The outlook is stable.

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