Middle East Economic Survey

VOL. XLVII

No 30

26-July-2004

RATINGS

Capital Intelligence Raises Bahrains Foreign Currency Rating

Capital Intelligence (CI) announced on 14 July that it has raised Bahrain's long-term foreign currency sovereign rating to BBB+ from BBB and it affirmed the countrys short-term foreign-currency rating at A2. The outlook is stable. The upgrade reflects CI's expectation that the government debt burden will remain low and the external finances will stay at comfortable levels...