fiscal and external vulnerabilities have increased in the wake of the oil price decline, the IMF said today in a statement following the end of its annual Article IV consultation with the government of the kingdom. Real GDP growth is…
Category: Bahrain
NBK says Bahrain to recover in 2017
The Bahraini economy will recover in 2017 on higher oil prices and non-oil output, National Bank of Kuwait (NBK) says in a report released today,. “Real GDP growth is poised to hold in 2016 on signs of resilience in the non-oil…
Bahrain issuer rating cut to BB+
Fitch Ratings has downgraded Bahrain’s long-term foreign currency issuer default rating (IDR) to BB+ from BBB- and long-term local currency IDR to BB+ from BBB. The outlooks are stable. The issue ratings on Bahrain’s senior unsecured foreign and local currency…
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…
Fitch cuts Bahrain’s credit rating
For full coverage of Middle East business, see MEED Fitch Ratings has downgraded Bahrain’s long-term foreign currency issuer default rating (IDR) to BB+ from BBB- and long-term local currency IDR to BB+ from BBB. The outlooks are stable. The issue…
Fitch outlook turns negative for NBB and BBK
For full coverage of Middle East business developments, see MEED Fitch Ratings announced today that it had revised its outlook for National Bank of Bahrain (NBB) and Bank of Bahrain & Kuwait (BBK) to negative from stable but affirmed their long-term…
Fitch affirms Bahrain at BBB-/BBB, cuts outlook
For full coverage of business developments in the Middle East, see MEED Fitch Ratings has affirmed Bahrain’s long-term foreign and local currency issuer default ratings (IDR) at Fitch Ratings BBB- and BBB, respectively. The issue ratings on Bahrain’s senior unsecured…
Fitch affirms ratings of five Bahrain banks
For full coverage of business developments in the Middle East, see MEED Fitch Ratings has affirmed National Bank of Bahrain’s (NBB’s), BBK’s and Arab Banking Corporation’s (ABC’s) long-term issuer default ratings (IDRs) at BBB-. Fitch has also affirmed Ahli United…
Fitch downgrades Bahrain’s foreign currency rating
Fitch Ratings has downgraded Bahrain’s long-term foreign currency issuer default rating (IDR) to BBB- from BBB and long-term local currency IDR to BBB from BBB+. The outlooks are stable. The issue ratings on Bahrain’s senior unsecured foreign and local currency…
Bahrain economy forecast to slow in 2014 on lower oil sector output growth: NBK
Bahrain’s rate of economic growth will slow in 2014 and the kingdom’s budget deficit will rise both this year and next due to lower oil prices, National Bank of Kuwait’s (NBK’s) July macroeconomic report about Bahrain says. “Economic growth continued…