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The move is seen as part of Ukraine's efforts to reinforce its army as soldiers struggle to hold positions against Russia
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Bahrain credit outlook upgraded to positive
MANAMA - Bahrain credit outlook has been upgraded from ”stable” to “positive” by the international rating agency, FitchRatings, Bahrain Monetary Agency (BMA) said on Thursday.
FitchRatings also affirmed Bahrain’s sovereign long-term foreign currency debt rating of A- (A minus) and the long term local currency debt rating of A.
BMA said that the improved outlook for Bahrain reflects the continued strong economic growth based on the prudent yet progressive handling of economic, fiscal and political reforms.
In April, Standard & Poors (S&P) upgraded Bahrain’s foreign currency debt rating to A, from A-, with the outlook as stable.
The ratings demonstrate international confidence in the economic and financial strength of Bahrain, said BMA director of financial stability, Sheikh Salman bin Isa Al Khalifa.
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