S&P trims Batelco view to negative

S&P said it revised its outlook to negative from stable on Bahrain Telecommunications Co. (Batelco) and affirmed the BB- long-term and B short-term corporate credit ratings on the company.

The outlook revision follows a similar action on Bahrain on June 2.

S&P said it does not rate entities with very strong links to the government, including Batelco, higher than the government itself. This is because the government can influence the entity's financial policy and strategy, industry regulation, and taxation, among other things.

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