Bahrain Islamic Bank cut to junk at Moody's on loss, unrest
Because of their losses and after political unrest in the Arabian Gulf nation, Moody’s Investors Service cut off Bahrain Islamic Bank's credit ratings.
Moody's statement was that the decision "reflects a material weakening in the institution’s stand-alone financial profile, as shown in the significant losses it posted in the last two years and the erosion of its capital base in the absence of new capital injections".
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