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...
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