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Fitch Downgrades Arab Banking Corporation to 'BB+'; Outlook Negative

Fitch Ratings has downgraded Arab Banking Corporation B.S.C.'s (ABC) Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BBB-' and its Viability Rating (VR) to 'bb+' from 'bbb-.  The Outlook on the Long-Term IDR is Negative. A full list of rating actions is at the end of this rating action commentary….

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Source: Fitch Ratings

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