Fitch revises Batelco to negative

Fitch Ratings said it revised Bahrain Telecommunications Co.’s (Batelco) outlook to negative from stable and affirmed the long-term issuer default rating at BB+.

The agency also affirmed the unsecured rating of Batelco International Finance No. 1 Ltd. at BB+.

This action follows Fitch's June 12 revision of the outlook on the sovereign rating of Bahrain to negative from stable and the affirmation of its long-term foreign and local currency issuer default ratings at BB+.

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