Thursday 23 December 2010

Gulf Daily News Key Fitch ratings boost for Bahrain's economy

Fitch Ratings has affirmed Bahrain's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'A' and 'A+' respectively, short-term foreign currency IDR at 'F1' and Country Ceiling at 'A+'.

The outlook on the long-term IDRs is stable.

The outlook reflects the continued resilience of Bahrain's economy and the banking sector to the stresses from the global downturn and regional property markets over the last two years.

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