Manama: GFH Financial Group BSC yesterday announced that S&P Global Ratings has revised the outlook on the group’s long-term issuer credit rating to positive from stable and affirmed its ‘B-’ long-term issuer credit rating.
According to the report, the positive outlook reflects the group’s ability to maintain resilient revenue generation over 2020-2021 and a rebound in business performance in 2021 with a group return on equity (ROE) of 9 per cent in 2021, compared with 4 .
