Moody's Changes Bahrain Credit Rating to B2 with Stable Outlook
2018-12-18 - 7:16 p
Bahrain Mirror: Moody's Investors Service yesterday changed Bahrain's rating to B2 with a stable positive outlook.
The rating agency attributed the key driver of the outlook change to Moody's assessment that the Bahrain's government and external liquidity risks have materially reduced after the announcement of a $10 billion financial support package from the GCC.
It added that the fiscal consolidation measures prepared to accompany the financial support program would support investors' confidence and help reduce government financing needs, which in turn would slow down further fiscal weakness in Bahrain in a manner consistent with the B2 rating.
Read More
- 2023-11-25S&P Revises Bahrain's Outlook to "Stable" on Fiscal Deficit Worries
- 2023-07-13Haj Sumoud Transferred from Dry Dock Prison to Al-Salmaniya Emergency Department after His Health Deteriorated
- 2023-06-22Bahraini Mumtalakat Buys Saudi McLaren's Stake
- 2023-05-18After Allocating $5 Billion Investment Fund, Is Bahrain Waiting New Saudi Support?
- 2022-09-21Abu Sa'afa Field Revenues Reach One Billion, 33 Million BD, Its Revenues Expected to Increase by 40% this Year