Moody’s changes Bahrain view

Moody's Investors Service said it changed the outlook on Bahrain to stable from negative and affirmed its B2 long-term issuer and senior unsecured ratings.

“The change of outlook to stable reflects an easing of downside risks to Bahrain's ratings,” the agency said in a news release.

“The large increase in oil prices since early 2021 and Moody's expectation that oil prices will remain elevated for the next few years improve the outlook for the sovereign's fiscal and external balances, reducing the rate of government debt accumulation and lowering government liquidity and external vulnerability pressures.”

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