Comment & Analysis
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Fitch Places Gulf International Bank B.S.C.'s Viability Rating on Rating Watch Negative
Fitch Ratings has placed Gulf International Bank B.S.C.'s (GIB) Viability Rating (VR) on Rating Watch Negative (RWN). All other ratings are unaffected. The rating action on GIB follows the RWN placed on Saudi banks. GIB is highly exposed to Saudi Arabia, with about 55% of financing, 40% of credit risk…
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