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...
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