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FINANCIAL NEWS
Bahrain’s credit outlook ‘stable’: S&P
30 Jan 2013
(MENAFN) Bahrain has won a ‘stable’ sovereign credit outlook from Standard & Poor’s, on stabilized economic growth and political environment, Reuters reported.
S&P also affirmed the Gulf nation’s low investment grade credit rating of BBB. However, this was compelled by the continuing domestic political tensions and the fiscal dependency on sustained high oil prices and international donor support, the ratings agency warned.
S&P said Bahrain’s rating was also constrained by stagnating real gross domestic product per capital growth, which the firm is forecasting will be about one percent in 2013-2015.
Bahrain is rated BBB with a stable outlook by Fitch Ratings while Moody’s Investors Service has the nation’s credit rating one notch higher at Baa1, although the outlook is negative.
The tiny Gulf Kingdom has been in turmoil since protests erupted in 2011. Shi’ite Muslims have demanded an end to the Sunni-led monarchy’s political domination and full powers for parliament.
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BBK discloses its financial results for the year ended 31st December 2025
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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