The global credit rating agency S&P Global Ratings has affirmed the sovereign credit rating of Bahrain at ‘B/B’, while maintaining a stable outlook.
The agency explained that the decision to affirm the rating reflects its continued expectations that Bahrain will be able to manage its fiscal and economic conditions over the coming period, despite regional and international challenges.
At the same time, the agency noted that disruptions linked to the conflict in the Middle East could place potential pressure on Bahrain’s oil production and its export capacity, which may in turn affect financial revenues if geopolitical conditions worsen.
Credit ratings are considered one of the key indicators relied upon by markets and investors to assess the creditworthiness of countries and their ability to meet their financial obligations.
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