Monday 31, August 2009 by
Moody's downgrades Gulf Bank
Moody's said it has downgraded the bank financial strength rating (BFSR) of Gulf Bank in Kuwait to D+ from C-.Gulf Bank's long-term global local currency (GLC) and long-term foreign currency deposit ratings were also downgraded to A3/Prime-2 from A1/Prime-1, respectively. It added that all ratings remain on review for further possible downgrade.
