VOL. XLVI

No 25

23-June-2003

BAHRAIN

RATINGS

CI Upgrades Bahrain Sovereign Rating

Ratings agency Capital Intelligence (CI) has raised Bahrains long-term foreign currency rating to BBB from BBB- and its short-term foreign currency rating to A2 from A3. CI also assigned a long-term local currency rating of A- to the sovereign and a short-term local currency rating of A2. The long-term outlook is stable. Bahrains sovereign ratings balance solid economic growth prospects and moderate government...