Day: July 5, 2016

Fitch downgrades Batelco and Mumtalakat

For full coverage of Middle East business, see MEED Fitch Ratings has downgraded the long-term issuer default ratings (IDRs) of Bahrain Telecommunications Company (Batelco) and Bahrain Mumtalakat Holding Company (Mumtalakat) to BB+ from BBB-.The outlooks are both stable. “The rating…