Moody's has downgraded Bahrain Islamic Bank's (BisB) supported issuer ratings to Ba3 / Not Prime from Ba1 / Not Prime. In addition, Moody's confirmed the Bank Financial Strength Rating of BisB at E+, but changed its mapping on the long term scale to B3 from B1. All ratings carry a negative outlook. This rating action concluded the review for downgrade initiated on 1 June 2011.
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