The rating is in line with GIB's Long-term Issuer Default rating (IDR) of 'A', which has a Stable Outlook. GIB's other ratings are Short-term IDR 'F1', Individual 'C/D', Support '1' and Support Rating Floor 'A'.
Established in 1975, GIB provides wholesale banking services to Gulf corporate and institutional clients. It has branches in the UK, US and Saudi Arabia. GIB is 97.2%-owned by the government of Saudi Arabia.
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Fitch rates Gulf International Bank's SR2bn notes Long-term 'A'
- Bahrain: Wednesday, November 11 - 2009 at 09:26
- PRESS RELEASE
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Fitch Ratings has assigned Bahrain-based Gulf International Bank's (GIB) SR2bn unsecured unsubordinated floating-rate notes due in November 2012 a Long-term 'A' rating.
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Posted by Siba Sami AmmariWednesday, November 11 - 2009 at 09:26 UAE local time (GMT+4)
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Media contacts:
Yousuf Khan
Fitch Ratings
London, UK
Tel: +44 20 7682 7540
Robert Thursfield
Fitch Ratings
Dubai, UAE
Tel: +971 4 408 1805
Media Relations:
Hannah Warrington
Fitch Ratings
London, UK
Tel: +44 (0) 207 417 6298
Yousuf Khan
Fitch Ratings
London, UK
Tel: +44 20 7682 7540
Robert Thursfield
Fitch Ratings
Dubai, UAE
Tel: +971 4 408 1805
Media Relations:
Hannah Warrington
Fitch Ratings
London, UK
Tel: +44 (0) 207 417 6298
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