"Bahrain's BMB Investment Bank is battling to reassure investors after it was put on watch for potential downgrade by Fitch Ratings, following millions of dollars of losses from unauthorised trading.
BMB said this week that while the outlook had been lowered, the rating itself was unchanged. The bank is currently rated B- by Fitch, its second lowest rating. In a statement this week Fitch said the "most likely directional change" would be a downgrade."
'via Blog this'
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