Thursday 15 December 2011

Standard & Poor's Applies Its Revised Bank Criteria To 17 Arab Mediterranean Banks And Subsidiaries - Zawya

Standard & Poor's Ratings Services today said it has reviewed its ratings on 17 Arab Mediterranean banks and related subsidiaries by applying its new ratings criteria and updated group methodology for banks, which were published on Nov. 9, 2011. See the list below for the ratings on these entities and their relevant subsidiaries, including any rating changes that resulted from applying our new criteria.

We will publish individual research updates on the banks identified below, including a list of ratings on affiliated rated entities, as well as the ratings by debt type--senior, subordinated, and junior subordinated. The research updates will be available at http://www.standardandpoors.com/AI4FI and on RatingsDirect on the Global Credit Portal. Ratings on specific issues will be available on RatingsDirect on the Global Credit Portal and http://www.standardandpoors.com

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