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Moody’s Downgrades United Gulf Bank To Ba2
Published on Sunday, 03 Jul 21:00 pm
Moody’s Investors Service on 29 June downgraded the long term foreign currency deposit ratings of Bahrain-based United Gulf Bank (UGB) to Ba2 from Ba1 and the bank’s senior unsecured and subordinated debt ratings to (P) Ba2 and (P) Ba3, respectively.
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