S&P: Rating on Bahrain-based BMI Bank lowered to 'BB'; Outlook stable
 

03-08-14 12:54 AM

“At the same time, we affirmed our 'B' short-term rating on the bank. “The merger of BMI bank with Al Salam Bank-Bahrain B.S.C. was concluded on March 31, 2014, in a "business combination" transaction where Al Salam Bank issued new shares to existing ...

Source...