Saudi Gazette - Moody’s cuts junior debt ratings of 12 GCC banks:
"Moody’s Investors Service has downgraded the subordinated debt ratings of 12 banks in the GCC countries.
The banks affected are: Arab National Bank, Banque Saudi Fransi, Abu Dhabi Commercial Bank, Emirates NBD, First Gulf Bank, Mashreqbank, Commercial Bank of Qatar, Doha Bank, Qatar National Bank, Bank Muscat, Burgan Bank and BBK, Moody’s said in a statement issued recently.
All other ratings and outlooks for the 12 banks remain unaffected."
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