VOL. XLVII
No 01
5-January-2004
RATINGS
Moodys Upgrades Bahrains Ratings
Moodys announced on 11 December that it had upgraded Bahrains country ceilings for foreign currency bonds and onshore bank deposits to Baa1/Prime-2 from Baa3/Prime-3 in light of the diminished geopolitical risk from nearby Iraq and the ongoing success of political reform. Consequently, Moodys said, the rating agency had upgraded the foreign currency issuer rating for Bahrain to Baa1 from Baa3. The ceiling for offshore...
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