RIYADH: Continued fiscal reform efforts, stable economic diversification, and financial support from Gulf Cooperation Council partners have led S&P Global Ratings to affirm Bahrain’s long- and short-term foreign and local currency sovereign credit ratings at “B+/B.”
The American agency also maintained the nation’s transfer and convertibility assessment at “BB-.”
The ratings affirmation reflects Bahrain’s progress in strengthening non-oil revenue, commitment to structural reforms under the Fiscal Balance Program, and ongoing investment in sectors such as manufacturing and tourism.
S&P also pointed to the country’s improved national accounts framework and stable regional alliances as…
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