VOL. XLII
No. 14
5-April-1999
BAHRAIN
Moody痴 Assigns Baa3 Rating For Local Currency ObligationsOf Bahrain
US ratings agency Moody痴 Investors Service announced on 30March that it had signed a Baa3 issuer rating to Bahrain痴 domestic currencydebt. According to a statement, Moody痴 attributes the rating to prudent fiscalmanagement and low external and domestic debt levels. "The authoritiesmaintain good control over state expenditures and deliver services to thepublic in a relatively efficient manner....
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