VOL. XLV

No 51/52

23/30-December-2002

BAHRAIN

Fitch Puts Bahrain Ratings On Watch With Positive Outlook

Rating agency Fitch said on 16 December that it had put Bahrains ratings on watch with a positive outlook citing political reforms which reached a watershed in October with elections to the lower chamber of the new National Assembly. Fitch noted that economic diversification continues, with a further acceleration in non-oil GDP growth in 2001 that kept overall growth at a respectable 4.8%...