News & Credit Rating Announcements
24 March 2020 | Country: Bahrain | Bank: Investcorp
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Investcorp - Ratings Withdrawn
Overview
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced today that it has withdrawn Investcorp's ratings and discontinued analytical coverage. The decision to withdraw the ratings has been taken by CI Ratings for business reasons and does not reflect a change in the creditworthiness of the rated entity. During H2 FY19 Investcorp Bank B.S.C. voluntarily surrendered its Bahrain wholesale banking license and completed its conversion to a holding company, Investcorp Holdings B.S.C., in order to better align its operating structure with its alternative investment management business model.
Attachments
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Rating Announcement (CRA)
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