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Prospect News home > News index > List of issuers I > Headlines for Investcorp SA > News item |
Fitch cuts Investcorp
Fitch Ratings said it downgraded the long- and short-term issuer default ratings of Investcorp Bank BSC and its subsidiaries Investcorp SA and Investcorp Capital Ltd. to BBB- and F3.
The individual ratings were downgraded to C from B/C. Ratings remain on Rating Watch negative.
According to Fitch, the downgrade reflects the continued deterioration in Investcorp's capital cushion and materially weaker earnings.
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