VOL. XLVI

No 49

8-December-2003

BAHRAIN

RATINGS

S&P Revises Foreign Currency Outlook on Bahrain To Positive FromStable

Ratings agency Standard & Poors on 2 December revised its foreign currency outlook on Bahrain to positive from stable. Bahrains A-/A-2 foreign currency and A/A-1 local currency sovereign credit ratings were also affirmed. According to S&P credit analyst Ala'a al-Yusuf, the revision reflects the improved prospects for the fiscal position, transparency, and structural...