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Moody's: Rating Action - HBME Sukuk Company Ltd (24-Jun-12)
 
 
Moody's Analytics
27 Jun 2012 (7 Pages)
 
 
 
 
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Abstract
 

Moody's Investors Service has today downgraded the long-term local and foreign-currency deposit ratings of HSBC Bank Middle East Limited (HBME) by one notch to A2 from A1 and affirmed the C- bank financial strength rating (BSFR), which has been remapped to a standalone credit assessment to baa2 from baa1. All ratings carry a stable outlook. This rating action concludes the review initiated by Moody's on 21 February 2012.

 
 
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