Middle East Economic Survey
S&P Revises BMI Bank Outlook To Negative
The deteriorated operating environment in the Gulf region is weakening asset quality and the financial performance of banks, according to Standard & Poors Ratings Services (S&P). On 8 February the agency revised its outlook on Bahrains BMI Bank to negative from stable, while affirming the BBB- long-term and A-3 short-term counterparty credit ratings on the bank. The ratings reflect...