VOL. XLII

No 43

25-October-1999

BAHRAIN

Moodys Sees Greater Credit Prospects For Bahrains BankingSystem

The severe pressure on Bahrains banks witnessed a year agodue to the twin effects of low oil price and volatile emerging marketssentiment has abated, according to a statement issued by ratings agency MoodysInvestors Service on 7 October. This has provided a more positive economicoutlook, according to the agency. The upswing in oil prices and relatedimprovement in Gulf economies will enable the...