Wednesday 26, July 2017 by Nabilah Annuar

Moody's withdraws ratings of Arab Banking Corporation

Moody's Investors Service has withdrawn Arab Banking Corporation (Bank ABC's) Ba1/Not Prime foreign-currency long and short-term deposit ratings, its ba2 Baseline Credit Assessment (BCA), its ba1 adjusted BCA and its Baa3(cr)/Prime-3(cr) long and short-term Counterparty Risk Assessment.

Moody's has withdrawn the ratings for its own business reasons. At the time of the withdrawals, the long-term deposit ratings had a negative outlook. Headquartered in Bahrain, Arab Banking Corporation had total assets of $30.4 billion as of March 2017.