403
Sorry!!
Error! We're sorry, but the page you were
looking for doesn't exist.
Bahrain’s view for financial adjustments betters as S&P reports
(MENAFN) S&P Global Ratings has gotten the predictions of Bahrain to 'stable' from 'negative' regarding a fresh financial modification sought at developing its non-oil proceeds and reducing state expenditure, the agency reported in an update.
valued under investment grade, Bahrain was rescued to free itself from a credit trouble in 2018 with a USD10 billion suite received from its rich neighboring nations Saudi Arabia, Kuwait and the United Arab Emirates.
S&P mentioned in a report during the end of last week, “The Bahraini government recently announced additional fiscal reforms to strengthen non-oil revenue and rationalize expenditure. These measures, along with the more supportive oil price environment, should improve the sovereign's fiscal position.”
valued under investment grade, Bahrain was rescued to free itself from a credit trouble in 2018 with a USD10 billion suite received from its rich neighboring nations Saudi Arabia, Kuwait and the United Arab Emirates.
S&P mentioned in a report during the end of last week, “The Bahraini government recently announced additional fiscal reforms to strengthen non-oil revenue and rationalize expenditure. These measures, along with the more supportive oil price environment, should improve the sovereign's fiscal position.”
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
More Story
Comments
No comment