Fitch rates Bahrain Mumtalakat notes A

Fitch Ratings said it assigned Bahrain Mumtalakat Holding Co.'s $750 million 5% notes due June 30, 2015 a final senior unsecured rating of A. The final rating follows a review of its final terms and conditions. The bond's rating is in line with the company's long-term issuer default rating and senior unsecured rating of A.

The outlook is stable.

The company plans to use the proceeds to reduce its short-term borrowings and for general corporate purposes.

The bond constitutes direct, unconditional, unsubordinated and unsecured obligations of the company and ranks equally with all its other unsecured obligations, Fitch said.

The ratings are aligned with the Kingdom of Bahrain's, reflecting the strong relationship between the two.

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