Investcorp Bank B.S.C. -- Moody's changes outlook on Investcorp Bank's Ba2 rating to negative

London, 23 March 2016 -- Moody's Investors Service has assigned a Ba2 corporate family rating and a Ba2-PD probability of default rating with a negative outlook to Investcorp Bank B.S.C. (Investcorp) and has withdrawn the Baseline Credit Assessment (BCA), adjusted BCA - previously ba2 - and deposit ratings - previously Ba2 stable/Non-Prime - of the company. The change in outlook follows a similar move taken recently on Investcorp S.A. and Investcorp Capital Limited. The primary methodology to analyze the Investcorp group (Investcorp) is now the asset manager methodology. We will continue to utilize the Banks methodology but as a secondary analytical input.

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