VOL. XLV
No 34
26-August-2002
BAHRAIN
Moody’s Upgrades Bahrain to Baa3, Citing Healthy Fiscal Performance
Moody’s Investors Service has upgraded Bahrain’s foreign currency ceiling for bonds to Baa3/P-3 from Ba1/NP and the ceiling for foreign currency (onshore) bank deposits to Baa3/P-3 from Ba2/NP. Consequently, foreign currency debt issued by Bahrain would be rated Baa3. The issuer rating for local currency government debt was raised to Baa1 from Baa3. The A3/P-2...
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