Moody's Investors Service is proposing changes to its global approach to rating covered bonds in light of proposed changes to its global bank methodology including the introduction of a new bank counterparty risk (CR) rating.
Moody's Investors Service today (May 9) changed Jebel Ali Free Zone’s (Jafza) outlook to developing from negative for the Corporate Family (CFR) and Probability of Default Rating (PDR).
It also affirmed the B2 CFR and PDR as well as th
Moody's Investors Service has downgraded the foreign currency deposit ratings of Bahrain-based Arab Banking Corporation (ABC) to Baa3/Prime-3 from A3/Prime-2.
At the same time Moody's has lowered the bank's baseline credit assessment (BCA)