Large and flexible Gulf aid will bolster Bahrain rating: Moody's | ZAWYA MENA Edition:
Ratings firm Moody's said on Thursday that Bahrain's B1 credit rating will be supported by aid pledged by other Gulf countries this week, as long as it is large and flexible. Saudi Arabia, Kuwait and the United Arab Emirates said on Tuesday that they would provide funding to struggling Bahrain. "New financial commitment from the GCC would provide effective support to the sovereign's credit profile if it is large, given the government's financing needs over the next 12-18 months," Moody's said.
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