Moody’s changes Investcorp view to stable

Moody's Investors Service said it affirmed the Ba2 corporate family rating of Investcorp Bank BSC as well as the Ba2-PD probability of default rating.

The agency also affirmed the Ba2 ratings of the backed senior unsecured debt of Investcorp SA and Investcorp Capital Ltd.

The outlook was changed to stable from negative.

Moody's said the change in outlook reflects the company's strong ability to raise and reinvest investors' money in the Gulf Cooperation Council.

“Despite a weakening operating environment, Investcorp investment solutions continue to appeal to very high net worth individuals looking for diversification outside of the GCC region,” the agency said in a news release.

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