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FINANCIAL NEWS
Fitch confirms Bahrain’s ‘BBB’ long-term currency IDR
13 Jul 2013
(MENAFN) Fitch Ratings affirmed Bahrain’s long-term foreign currency issuer default rating (IDR) at ‘BBB’ with a stable outlook, Arabian Business reported.
The ratings agency cited positive steps that the gulf government has taken towards resolving the domestic political stalemate.
It also noted that a national dialogue had restarted with the reformist Crown Prince promoted to First Deputy Prime Minister.
Fitch said in a statement that the normalization of oil output would allow growth to strengthen to 5.5 percent this year, while capital spending, manufacturing investment and a further recovery in tourism would boost non-oil growth of around 3.5 percent.
Fitch said growth has rebounded after the political unrest in 2011, picking up to 3.4 percent in 2012 from 1.9 percent the year before.
Fitch added the stable outlook reflected its assessment that upside and downside risks to the rating are currently well balanced.
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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