VOL. XLIII

No. 09

28-February-2000

BAHRAIN

Fitch IBCA Assigns Investment Grade Rating Of BBB- To Bahrain...

International ratings agency Fitch IBCA announced on 16 February that it had assigned an investment grade rating of BBB- to Bahrain, applicable for all sovereign issues denominated in foreign currency. Local currency issues will benefit from a sovereign rating of BBB+. However, the agency said in a statement that the country ceiling rating for foreign currency issues would be BBB+. In a...